PubMatic Q2 results beat estimates, boosted by AgenticOS adoption, CTV, app demand
PUBM•Outlook
- Company expects Q3 2026 revenue between $75 mln and $77 mln
- Company sees Q3 2026 adjusted EBITDA between $17 mln and $19 mln
- Company anticipates continued double-digit year-over-year revenue growth and margin expansion
Q2 results beat estimates
- AI ad tech firm's Q2 revenue rose 11%, beating analyst expectations
- Adjusted EBITDA for Q2 increased 38% and beat analyst expectations
- Company repurchased 2.1 mln shares in Q2, about 4.2% of fully diluted shares
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $78.60 mln | $68.87 mln (12 Analysts) |
| Q2 Adjusted Net Income | Beat | $5.90 mln | -$8.01 mln (8 Analysts) |
| Q2 Net Loss | $1.20 mln | ||
| Q2 Adjusted EBITDA | Beat | $19.60 mln | $8.84 mln (12 Analysts) |
Result drivers and analyst coverage
- AI adoption - Co said customer adoption of AI-powered AgenticOS more than doubled sequentially, delivering measurable performance gains and accelerating campaign setup.
- Revenue mix shift - CTV, mobile app and emerging revenues represented ~60% of total revenue, roughly double the share of three years ago, with CTV and mobile app revenue growing strongly.
Related News
Clarus swings to Q2 FY26 profit of $4.7 million; sales rise 1.6% to $56.2 million
CLAR•
I3 Verticals Q3 Revenue USD 53.067 Million Vs. IBES Estimate USD 55 Million
IIIV•
