PubMatic, Inc. Class A (PUBM)

PubMatic's stock price has significantly declined, decreasing by 60.35% over the last 12 months and 28.88% in the past month as of February 5, 2026. In Q3 2025, PubMatic reported EPS of $0.03, exceeding expectations, and revenue of $68 million, surpassing forecasts, leading to a stock rise. In Q2 2025, the company reported $71.1 million in revenue, but a net income loss of $5.2 million, causing a stock drop due to lower Q3 guidance. In Q1 2025, PubMatic reported a revenue decline to $63.8 million, but its stock rose due to strong CTV performance. Several executives sold shares of Class A Common Stock in January-February 2026.

Demand for PubMatic's products and services exhibits seasonality, particularly in advertising categories like Sports and Food and Drink, which show seasonal growth. Pets and Family & Parenting ad spend surged at the beginning of 2025, driven by demand for spring and summer products, though momentum slowed towards the end of Q2. Shopping also experienced a strong uptick in Q2, fueled by seasonal retail patterns. These seasonal trends, alongside macroeconomic conditions, influence ad revenue.

PubMatic, Inc. is a technology company in the software sector and online advertising industry, providing a cloud infrastructure platform for real-time programmatic advertising transactions. It operates as a sell-side platform (SSP), enabling digital content creators to manage and monetize their ad inventory by connecting them with ad buyers through automated systems. Major products include OpenWrap, Activate, Connect, and Connected TV (CTV) Solutions. The omnichannel platform supports various ad formats and digital device types.

PubMatic's headquarters are in Redwood City, California, with software development in Pune, India. The company has a global presence with offices in various countries and expanded into Latin America in 2015. In fiscal year 2020, the United States accounted for $156 million in revenue, EMEA for $71.87 million, and APAC for $24.84 million.

PubMatic has engaged in several activities that have shaped its brand reputation. PubMatic collaborated with GroupM to provide advertisers with privacy-first, cohort-based modeling capabilities and partnered with Roblox to enable programmatic media buying of Roblox's video advertising inventory. PubMatic filed a lawsuit against Google, alleging anti-competitive behavior. The company highlighted the impact of its AI-driven innovations and launched AI Insights, a new AI-powered tool. PubMatic announced an expansion of its commercial leadership team to strengthen brand and agency partnerships.

PubMatic's ownership is a mix of institutional, retail, and individual investors. Approximately 26.99% of the company's stock is owned by Institutional Investors, 0.66% by Insiders, and 72.35% by Public Companies and Individual Investors. Major institutional owners include BlackRock, Inc., Graham Holdings Co, Vanguard Group Inc., Wellington Management Group Llp, Dimensional Fund Advisors Lp, Renaissance Technologies Llc, Royal Bank Of Canada, and Geode Capital Management, Llc.