PubMatic beats Q4 revenue expectations

Reuters02-27
PubMatic beats Q4 revenue expectations

Overview

  • AI-powered ad tech firm's Q4 revenue beat analyst expectations

  • Adjusted EBITDA for Q4 exceeded analyst estimates

  • FY 2025 CTV revenue grew over 50% excluding political ad spend

Outlook

  • PubMatic expects Q1 2026 revenue between $58 mln and $60 mln

  • Company anticipates Q1 2026 adjusted EBITDA between $(0.5) mln and $1.0 mln

  • PubMatic expects double-digit revenue growth in second half of 2026

Result Drivers

  • AI SOLUTIONS - PubMatic's AI-powered solutions improved operational efficiencies

  • AGENTICOS PLATFORM - Over 250 agentic deals transacted on PubMatic's AgenticOS platform, driving growth

  • CTV GROWTH - Excluding political advertising, FY 2025 revenue from CTV grew over 50% year-over-year

Company press release: ID:nBw8bDvzka

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$80 mln

$75.29 mln (12 Analysts)

Q4 Adjusted Net Income

$14.44 mln

Q4 Net Income

$6.7 mln

Q4 Adjusted EBITDA

Beat

$27.8 mln

$20.14 mln (12 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for PubMatic Inc is $11.50, about 74.8% above its February 25 closing price of $6.58

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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