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PubMatic (PUBM)
NASDAQ:PUBM
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.33Last Year’s EPS
-0.2Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum driven by AI adoption, CTV and mobile growth, improved efficiency and robust cash generation. Management highlighted substantial early traction in agentic AI (AgenticOS) and meaningful diversification wins (50 new DSPs, regional growth). Near‑term headwinds include a legacy DSP transition and political ad decline (pressuring the Americas), modest Q1 guidance and additional operating costs from litigation and data‑center pass‑throughs. Overall, the positives — margin expansion, free cash flow growth, platform scale, and accelerating AI‑led product adoption — outweigh the listed near‑term challenges, with management expecting a return to double‑digit revenue growth and margin expansion in the second half of 2026.Company Guidance
Q4 Financial Outperformance and Margin Expansion
Q4 revenue and adjusted EBITDA came in ahead of guidance; Q4 adjusted EBITDA was $27.8 million representing a 35% margin. GAAP net income in Q4 was $6.7 million, or $0.14 per diluted share.
Strong Cash Generation and Capital Returns
Generated $81 million in net operating cash flow in 2025, up 10% year‑over‑year, and $46 million in free cash flow, up 32% year‑over‑year. Ended the quarter with $145.5 million in cash, zero debt, and completed buybacks of 12.4 million shares for $181.1 million with $93.9 million remaining in the repurchase authorization.
Robust AI & Emerging Revenue Growth
Emerging revenues (Activate, commerce media, new AI solutions) nearly doubled year‑over‑year and now represent roughly 10%–12% of total revenues; Q4 emerging revenues grew over 75% year‑over‑year. Nearly 10% of publishers are now deriving revenue from AI solutions.
Agentic AI Traction and Operational Gains
Launched AgenticOS and ran over 250 agentic deals; almost 100 brands/agencies applied to the Agentic AI Accelerator. Early agentic campaigns delivered greater than 5x cost efficiencies. AI reduced campaign setup time by 87% and sped issue resolution by 70%.
CTV and Mobile Outperformance
CTV grew over 50% year‑over‑year for the full year (excluding political) and has a multi‑year compound annual growth rate above 50%. Mobile app business delivered over 25% year‑over‑year revenue growth in Q4 and a 4‑year CAGR of 15%.
Scale, Efficiency and Infrastructure
Processed 337 trillion impressions in 2025, up 28% year‑over‑year. Trailing 12‑month unit costs declined ~20% year‑over‑year. PubMatic owns infrastructure (NVIDIA partnership) enabling AI workloads; over 40% of new code in H2 2025 was written by AI.
Buyer Diversification and Go‑to‑Market Investment
Added 50 new DSP partners last year; mid‑market DSP ad spend rose ~30% year‑over‑year in Q4 (accelerating from 25% in Q3). Buyer‑focused go‑to‑market team headcount grew nearly 20% year‑over‑year.
Regional Momentum
APAC and EMEA grew rapidly in Q4, at over 25% and 15% respectively, helping offset weakness in the Americas.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $11.00 | $11.09 | +0.82% |
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 (PUBM) report earnings?
PubMatic (PUBM) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is PubMatic (PUBM) earnings time?
PubMatic (PUBM) earnings time is at May 07, 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 (Q1) is -0.33.