<span item_type="fundamental" item_id="5505eb09fc7f16a7af7b63ca394f39d0" counter_id="ST/US/PUBM" env="prod"></span><span item_type="announcement" item_id="581348330238253313" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 67.96 M, beating the estimate of USD 63.95 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.14, beating the estimate of USD -0.217.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -9.617 M.</p><p></p><h3>Financial Data and Metrics</h3><h4>Revenue</h4><ul><li>Revenue for Q3 2025 was $68.0 million, compared to $71.8 million in Q3 2024, which included $5.0 million from political advertising.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li></ul><h4>Net Income</h4><ul><li>GAAP net loss for Q3 2025 was - $6.5 million with a margin of - 9%, or - $0.14 per diluted share, compared to a GAAP net loss of - $0.9 million with a margin of - 1%, or - $0.02 per diluted share in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li></ul><h4>Adjusted EBITDA</h4><ul><li>Adjusted EBITDA for Q3 2025 was $11.2 million, or a 16% margin, compared to $18.5 million, or a 26% margin, in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li></ul><h4>Non-GAAP Net Income</h4><ul><li>Non-GAAP net income for Q3 2025 was $1.6 million, or $0.03 per diluted share, compared to $6.6 million, or $0.12 per diluted share in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities was $32.4 million in Q3 2025, an increase from $19.1 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li><li>Free cash flow for Q3 2025 was $22.8 million, compared to $2.9 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>CTV revenue grew over 50% year-over-year excluding political ad spend.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li><li>Activate revenue increased over 100% year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li><li>Ad spend from mid-market focused DSP partners increased by 25% year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li></ul><h3>Financial Outlook</h3><ul><li>For Q4 2025, PubMatic estimates revenue to be between $73 million to $77 million, inclusive of an impact from one of its top DSP buyers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li><li>Adjusted EBITDA is expected to be in the range of $19 million to $21 million, representing approximately a 27% margin at the midpoint, with a negative foreign currency exchange impact predominantly from Euro and Pound Sterling.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1422930/000142293025000048/q325pressrelease.htm"></span></li></ul>

Pubmatic | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 67.96 M