PubMatic shares surge 43.66% after-hours after beating Q3 revenue and EBITDA estimates, driven by 50%+ CTV growth and AI-powered platform advancements.

Tuesday, Nov 11, 2025 5:07 pm ET1min read
PubMatic Inc. surged 43.66% in after-hours trading following the release of its third-quarter 2025 financial results, which exceeded revenue and adjusted EBITDA guidance. The company reported $68.0 million in revenue (ahead of estimates) and $11.2 million in adjusted EBITDA, driven by over 50% year-over-year CTV revenue growth (excluding political advertising) and AI-powered platform advancements that improved campaign efficiency. Analysts highlighted these results as a catalyst, with Evercore ISI raising its price target to $13 from $12 and maintaining an Outperform rating. The stock’s sharp rise also aligned with positive market reaction to PubMatic’s AI-driven infrastructure, including 5x faster bid response times and partnerships with NVIDIA and major streaming platforms. These factors collectively reinforced investor confidence in the company’s competitive positioning and operational efficiency.

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