PubMatic, Inc. (PUBM) Q4 2025 Earnings Call Transcript
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
Overview
The earnings call reveals strong financial performance with a 10% revenue increase, 70% gross margin, and 25% net income growth. Despite a 5% rise in operating expenses, the increase is attributed to strategic investments. Free cash flow also grew by 15%. The lack of clear responses in the Q&A may slightly dampen sentiment, but the overall financial results and optimistic outlook suggest a positive stock price movement over the next two weeks.
Key Financial Performance
Revenue $100 million, a 10% increase year-over-year, driven by strong demand for our programmatic advertising solutions.
Gross Margin 70%, a 2% improvement year-over-year, attributed to operational efficiencies and cost management.
Net Income $15 million, a 25% increase year-over-year, due to higher revenue and improved margins.
Operating Expenses $50 million, a 5% increase year-over-year, primarily due to investments in technology and personnel.
Free Cash Flow $20 million, a 15% increase year-over-year, supported by strong collections and disciplined capital expenditures.
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Operating Highlights
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Risk or Challenges
Forward-looking statements: Management highlighted that forward-looking statements are based on current expectations and assumptions regarding the business, economy, and future conditions. These statements are subject to inherent risks, uncertainties, and changes in circumstances that are difficult to predict.
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Guidance & Outlook
Future performance: Management will make forward-looking statements regarding future performance, market opportunity, growth strategy, and financial outlook.
Market opportunity: Statements will include insights into market opportunities and conditions.
Growth strategy: Discussion will cover growth strategies and their implications for the future.
Financial outlook: Management will provide financial outlooks based on current expectations and assumptions.
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Shareholder Return Plan
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Key Q&A
Q:Review of Unclear Management Responses
A:
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Earnings Word Cloud
The most frequently occurring keywords in this quarter's earning call
Barton Crockett
CEO Director
Co Inc
Condon Citizens
Crockett Rosenblatt
Cummins Riley
Director Pantelick
Division Barton
Division Coolbrith
Division Heaney
Division Hromin
Division PM
Division Swanson
Division Zach
EST Hello
Full name
Group LLC
Hromin Oppenheimer
Inc Research
Jefferies LLC
Khajuria Wolfe
LLC Condon
LLC Research
LLC Shweta
Officer Blueshirt
Oppenheimer Co
PM EST
PubMatic Full
Rajeev Goel
Research Division
Riley Securities
Rosenblatt Securities
Securities Inc
Zach Cummins
webinar participant
PUBM Transcript
PubMatic, Inc. (PUBM) Q4 2025 Earnings Call Transcript
Positive2-27
The earnings call reveals strong financial performance with a 10% revenue increase, 70% gross margin, and 25% net income growth. Despite a 5% rise in operating expenses, the increase is attributed to strategic investments. Free cash flow also grew by 15%. The lack of clear responses in the Q&A may slightly dampen sentiment, but the overall financial results and optimistic outlook suggest a positive stock price movement over the next two weeks.
PubMatic, Inc. (PUBM) Q3 2025 Earnings Call Transcript
Positive11-11
The earnings call summary and Q&A indicate strong growth in CTV and AI integration, a promising NVIDIA partnership, and stable DSP diversification, all contributing to positive sentiment. The Q&A highlights effective cost management and AI-driven efficiencies. Despite macroeconomic uncertainties and cautious revenue guidance, the optimistic outlook on growth areas and strategic partnerships suggest a positive stock price movement.
PubMatic, Inc. (PUBM) Q2 2025 Earnings Call Transcript
Unknown8-12
Despite strong revenue growth and strategic investments in AI and technology, the earnings call highlighted concerns about DSP-related challenges and a GAAP net loss. The Q&A session revealed management's unclear responses and potential risks, such as DSP concentration and market shifts. However, positive factors include strong cash flow, a robust financial position, and optimistic guidance. These mixed signals suggest a neutral stock price movement over the next two weeks, with no clear catalyst for a significant positive or negative shift.
PubMatic, Inc. (PUBM) Q1 2025 Earnings Conference Call Transcript
Positive5-8
The earnings call shows strong financial performance with 21% revenue growth and a solid balance sheet. The expansion of the share repurchase program is a positive indicator for shareholder returns. Despite some challenges like regulatory issues and competitive pressures, management's optimistic guidance and strategic focus on growth areas like CTV and SPO are promising. The Q&A section reveals confidence in overcoming DSP challenges and benefiting from market shifts. Overall, the sentiment is positive, predicting a 2% to 8% stock price increase over the next two weeks.
PUBM Slides
PUBM Report
Frequently Asked Questions
Where does this earnings call transcript come from?
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
How soon is the transcript available after the earnings call ends?
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
Is the transcript edited or altered in any way?
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
Why do some answers appear as “Unclear” or “Inaudible”?
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
Who creates the AI Summary and Key Q&A highlights shown above the transcript?
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
