PubMatic Announces AI-Enhanced Platform Growth and Projects Q4 Revenue of $73M–$77M Amid Rising CTV and New Revenue Streams
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
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Source: SeekingAlpha
Management Insights: CEO Rajeev Goel reported strong Q3 performance with revenue and adjusted EBITDA exceeding expectations, driven by over 50% growth in CTV and significant advancements in AI technology, including a partnership with NVIDIA.
Financial Performance: The company generated $32.4 million in net operating cash flows and reported a net loss of $6.5 million, while maintaining a strong cash position of $136.5 million and zero debt.
Growth Outlook: CFO Steven Pantelick provided optimistic guidance for Q4, expecting revenue between $73 million to $77 million, with continued strong growth in CTV and emerging revenue streams projected.
Analyst Sentiment: Analysts expressed cautious optimism regarding PubMatic's competitive positioning and AI innovations, with management maintaining a confident outlook on the company's strategic direction and operational improvements.
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Analyst Views on PUBM
Wall Street analysts forecast PUBM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PUBM is 12.92 USD with a low forecast of 9.50 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 7.450
Low
9.50
Averages
12.92
High
20.00
Current: 7.450
Low
9.50
Averages
12.92
High
20.00
About PUBM
PubMatic, Inc. (PubMatic) is a technology company, which provides a cloud infrastructure platform that enables real-time programmatic advertising transactions. The Company's sell-side platform enables digital content creators across the open Internet to control access to their inventory and increase monetization by enabling marketers to drive return on investment and reach addressable audiences across ad formats and devices. The Company’s cloud infrastructure platform provides monetization for publishers by providing demand through its relationships with buyers. PubMatic's cloud infrastructure is designed for the efficient processing of real-time, programmatic ad transactions and the aggregation and analysis of the significant data accompanying each transaction. The Company's omnichannel platform supports a range of ad formats and digital device types, including mobile apps, mobile Web, desktops, displays, video, over-the-top (OTT), connected television (CTV), and rich media.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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