Pubmatic Inc (PUBM)
NASDAQ:PUBM
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.18Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and strategic momentum — revenue and adjusted EBITDA beat guidance, double-digit underlying growth (13% ex-legacy DSP), rapid expansion of emerging AI-driven revenues (>80% YoY), notable gains in CTV and mobile app, significant cash generation and infrastructure scale (1 trillion impressions/day). Key near-term negatives were a GAAP net loss, a legacy DSP-related headwind (causing a 12% Americas decline) that complicates comparables until fully lapped in Q3, an FX headwind (~$1M), flattened net retention in Q1, and senior revenue leadership turnover. Management provided confident guidance for Q2 and a clear path to return to reported growth in Q3 with double-digit acceleration in H2, driven by AI adoption, DSP diversification, and high-engagement formats. Overall, the positive operational and strategic developments and the scale/cash strengths outweigh the near-term challenges and transition risks.Company Guidance
Revenue and Adjusted EBITDA Beat
Q1 revenue of $62.6 million and adjusted EBITDA of $2.6 million, both ahead of preliminary figures and above the high end of guidance; adjusted EBITDA margin of ~4%.
Underlying Business Growth
Excluding revenues related to the legacy DSP, the underlying business grew 13% year-over-year and represented 83% of total revenues.
Rapid Emerging Revenue Expansion
Emerging revenues (including AI products like AgenticOS) grew over 80% year-over-year and comprised 14% of total revenues; direct buy and Activate grew more than 3x year-over-year.
High-Engagement Format Strength (CTV & Mobile App)
Combined revenue from CTV, mobile app and emerging streams grew over 20% year-over-year and represented the majority of total revenues; mobile app revenue grew over 25% year-over-year; global CTV revenues (ex-legacy DSP) grew 18% year-over-year; Americas CTV up 13% year-over-year.
Impressions and Infrastructure Scale
Total impressions processed increased 26% year-over-year; PubMatic now processes over 1 trillion impressions per day and is pursuing GPU-centric infrastructure (NVIDIA/Triton) to accelerate AI-driven performance and cost efficiencies.
Unit Cost and Productivity Improvements
Trailing 12-month unit cost declined 20% year-over-year; internal AI-driven productivity gains (engineering, finance, legal, customer success) produced double-digit productivity improvements and funded go-to-market investments.
Strong Cash Flow and Capital Allocation
Generated $17.3 million in net operating cash flow (up 11% YoY) and $10.7 million in free cash flow (a 17% free cash flow margin and a 47% increase YoY); ended quarter with $145 million in cash and zero debt; repurchased 1 million Class A shares in Q1 (13.5M repurchased since Feb 2023 for $190M, $85M remaining).
Agentic AI Adoption and Early Results
AgenticOS and AI tools traction: over 1,000 AI-powered deals transacted, more than 30 live fully autonomous Agentic campaigns across multiple countries, reported 80%–90% time savings in campaign setup and reported material efficiency and performance gains (examples of 30%–40% CPM improvements and 40% more media in certain Agentic use cases).
Guidance Showing Continued Momentum
Q2 revenue guide of $68M–$70M and Q2 adjusted EBITDA guide of $8M–$10M; company expects to return to reported revenue growth in Q3 and accelerate to double-digit growth in the second half of the year.
PUBM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PUBM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $10.24 | $10.74 | +4.88% |
Feb 26, 2026 | $7.07 | $8.10 | +14.57% |
Nov 10, 2025 | $7.65 | $10.97 | +43.40% |
Aug 11, 2025 | $10.57 | $8.34 | -21.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pubmatic Inc (PUBM) report earnings?
Pubmatic Inc (PUBM) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Pubmatic Inc (PUBM) earnings time?
Pubmatic Inc (PUBM) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PUBM EPS forecast?
PUBM EPS forecast for the fiscal quarter 2026 (Q2) is -0.18.