PubMatic Inc (NAS:PUBM)

Q3 2025 PubMatic Inc Earnings Call Transcript

Nov 10, 2025 / 09:30 PM GMT

Release Date Price: $7.65 (+3.38%)

Transcript 10-Q8-K

Key Points

Positve

PubMatic Inc (PUBM) delivered a stronger than expected quarter with revenue and adjusted EBITDA ahead of guidance.
CTV revenue grew over 50% year over year, driven by increased premium supply and scaling of agency marketplaces.
Emerging revenues grew over 80% year over year, with AI solutions and cell site targeting ramping up quickly.
AI innovations have led to 5x faster bid responses and 85% fewer auction timeouts, recovering millions in ad spend.
PubMatic Inc (PUBM) has expanded its demand-side ecosystem, accelerating its pipeline with new partnerships like Bliss.

Negative

Display revenue was down 5% year over year, affected by lower spend from a large DSP.
The Americas region saw a 14% decline in revenue, primarily due to spend declines from a large DSP buyer.
The typical holiday seasonal uptick has been relatively muted for some consumer discretionary ad verticals.
There is concern in the industry about the impact of AI platforms on publisher traffic, though PubMatic Inc (PUBM) reports limited impact so far.
Despite strong growth in CTV, the company faces challenges in diversifying its DSP mix amid a more fragmented DSP landscape.

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

PUBM.OQ - PubMatic Inc
Q3 2025 PubMatic Inc Earnings Call
Nov 10, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone and welcome. We'll begin momentarily.

Hello everyone, and welcome. We'll begin momentarily.

Hello everyone, and welcome. We'll begin momentarily.

Hello everyone, and welcome to Pubmatic's 3rd quarter 2025 earnings call. My name is Emmanuel, 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 the call over to Stacey Clements with the Blue Shirt Group.

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Unidentified_2 [2]
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Good afternoon everyone and welcome to Pomat

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