PubMatic, Inc. Class A (PUBM)

Over the past year, PubMatic's stock price has declined by 39.78%. In Q3 2025, PubMatic reported EPS of $0.03, exceeding analysts' expectations due to growth in CTV and emerging revenue streams. Q2 2025 revenue expectations were impacted by platform changes from a major DSP partner. Over the last twelve months, company insiders sold 904,916 shares worth over $24 million and bought 15,000 shares worth more than $741,500.

Demand for PubMatic's products and services exhibits seasonality in certain categories, such as ad spending in Sports and Food and Drink in Q2. Other advertising sectors are influenced by macroeconomic conditions. The company noted a muted holiday seasonal uptick in October 2025 for some consumer discretionary ad verticals. Publishers and advertisers are advised to understand how both seasonality and macroeconomic trends impact ad revenue.

PubMatic, Inc. is a technology company providing a cloud infrastructure platform for real-time programmatic advertising transactions, operating within the Software sector and Online Advertising industry. It enables digital content creators to monetize ad inventory through automated systems connecting them with ad buyers. Its major products include PubMatic SSP, OpenWrap, Connect, Activate, Convert, and Identity Hub. The omnichannel platform supports various ad formats and digital device types.

PubMatic was founded in 2006, with software development initially based in Pune, India. The company's corporate headquarters are in Redwood City, California, and it maintains a global presence with offices in various countries. PubMatic expanded its operations to Latin America in 2015.

In the past year, PubMatic filed a lawsuit against Google alleging anti-competitive behavior. It launched an AI-powered monetization platform designed to give publishers more control over their yield, data, and demand. The company's Q3 2025 earnings call highlighted strong growth in CTV and emerging revenue streams, along with strategic investments in AI. PubMatic has expanded partnerships with companies like GroupM, Dentsu Group, Western Union, Instacart, and Xumo.

PubMatic is a publicly traded company with ownership distributed among institutional investors, company insiders, and the general public. Institutional investors hold a significant portion of the stock, collectively owning over half of the company's shares; as of July 14, 2025, they owned 74.15%. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc., and Wellington Management Group LLP. The company has a dual-class share system where Class B shares carry ten times the voting power of Class A shares, ensuring insiders maintain a substantial controlling interest.