PubMatic Reports 17% Revenue Growth and Strong Expansion in CTV and Mobile Channels
PubMatic (PUBM) reported strong third-quarter 2026 financial results, highlighted by a 17% year-over-year revenue increase. The company is seeing significant momentum through its Activate solution, which facilitates direct media buying on the supply side; activity for this product grew more than eightfold compared to last year. This shift allows advertisers to bypass traditional demand-side platform filtering, improving campaign efficiency. Growth was primarily driven by high-value channels, with Connected TV (CTV) and mobile applications now accounting for nearly two-thirds of total revenue. CTV saw global growth exceeding 30%, while mobile app revenue grew nearly 40% year-over-year. Additionally, PubMatic's ownership of its own infrastructure helped expand gross margins to nearly 70% by optimizing hardware processing expenses and focusing on higher-value impressions.
Tickers: $PUBM
Topics: digital advertising quarterly earnings revenue growth supply-side platform