PubMatic Inc (NAS:PUBM)

Q2 2025 PubMatic Inc Earnings Call Transcript

Aug 11, 2025 / 08:30 PM GMT

Release Date Price: $10.57 (-3.29%)

Transcript 10-Q8-K

Key Points

Positve

PubMatic Inc (PUBM) reported a strong second quarter with revenue and adjusted EBITA ahead of expectations.
Revenue from the underlying business, excluding DSP and political advertising, grew 19% year over year.
CTV revenue grew over 50% year over year, indicating significant market share gains.
Emerging revenue streams more than doubled year over year, accounting for 8% of total revenue.
PubMatic Inc (PUBM) has been actively diversifying its DSP mix, with newer DSPs growing at 20% plus rates.

Negative

Platform changes by a top DSP partner in July created revenue headwinds, impacting the second half of the year.
The concentration of legacy DSP relationships is seen as a constraint on growth.
There was a notable drop in spend from a top DSP in July, which stabilized in August but requires mitigation efforts.
The company faces challenges due to limited visibility into DSP platform changes.
Display revenues were flat year over year, indicating slower growth compared to other segments like CTV.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PUBM.OQ - PubMatic Inc
Q2 2025 PubMatic Inc Earnings Call
Aug 11, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome, everyone. We will begin shortly.

Hello everyone. We will begin shortly.

Hello everyone and welcome to Club Matt's 2nd quarter 2025 earnings call. My name is Oren and I will be your Zoom operator today.

Thank you for your attendance today. As a reminder, this webinar is being recorded. I will now turn a call over to Stacey Clements with Blue Shirt Group.

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Unidentified_2 [2]
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Good afternoon everyone and welcome to Pomatic Earnings call for the 2nd quarter of 2025. This is Stacey Clemmons with the Blue Shirt Group, and I'll be your

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