PubMatic Reports Record Q3 2026 Results Driven by CTV, Mobile, and AI Integration
PubMatic (PUBM) delivered strong third-quarter results for 2026, reporting revenue of $79.6 million, a 17% year-over-year increase that marks the third consecutive quarter of accelerating growth. The company's performance was bolstered by significant expansions in Connected TV (CTV) and mobile app revenues, which grew over 30% and nearly 40% respectively. Strategic shifts toward AI-powered automation, including 'Agentic Campaigns' and AI-powered deals, are beginning to drive operational efficiencies. Profitability saw a major boost with Adjusted EBITDA reaching $26.0 million, more than doubling from the previous year. While political advertising revenue spiked to $5.6 million, management cautioned that such spending has since subsided. Looking ahead, PubMatic raised its capital expenditure guidance to support GPU-centric infrastructure and authorized an additional $150 million for share repurchases through 2028.
Tickers: $PUBM
Topics: AI-Powered Advertising CTV Revenue EBITDA Gross Margin Mobile App Revenue Revenue Growth
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