Adjusted EBITDA increased 38% to $19.6 million, lifting margin to 25%, as the company cited AI-driven productivity and a 4% rise in monetized impressions.
Momentum carried into July; Q3 revenue forecast was set at $75 million-$77 million with adjusted EBITDA of $17 million-$19 million.
Full-year capex was raised to $20 million-$25 million.
Second-quarter revenue growth and mix shift
PubMatic posted Q2 2026 revenue growth of 11%, driven by faster expansion in higher-value formats and channels.
CTV, mobile app, and emerging revenue streams contributed about 60% of revenue; those categories grew nearly 40% year over year.
Mobile app revenue rose more than 40%; global CTV revenue increased 13% and represented about 20% of revenue; emerging streams nearly doubled to about 15%.
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