
Pubmatic | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 67.96 B

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Revenue: As of FY2025 Q3, the actual value is USD 67.96 B, beating the estimate of USD 63.95 M.
EPS: As of FY2025 Q3, the actual value is USD -0.14, beating the estimate of USD -0.217.
EBIT: As of FY2025 Q3, the actual value is USD -9.617 B.
Segment Revenue
- Total Revenue: $67,960 for the three months ended September 30, 2025, compared to $71,786 for the same period in 2024, representing a decrease of 5%.
- Total Revenue for Nine Months: $202,880 for the nine months ended September 30, 2025, compared to $205,754 for the same period in 2024, representing a decrease of 1%.
Operational Metrics
- Operating Loss: - $8,419 for the three months ended September 30, 2025, compared to - $1,365 for the same period in 2024.
- Net Loss: - $6,452 for the three months ended September 30, 2025, compared to - $912 for the same period in 2024.
- Gross Profit: $42,557 for the three months ended September 30, 2025, compared to $46,278 for the same period in 2024.
- Operating Expenses: Total operating expenses were $50,976 for the three months ended September 30, 2025, compared to $47,643 for the same period in 2024.
Cash Flow
- Net Cash Provided by Operating Activities: $62,900 for the nine months ended September 30, 2025, compared to $55,377 for the same period in 2024.
- Net Cash Provided by Investing Activities: $17,379 for the nine months ended September 30, 2025, compared to $9,645 for the same period in 2024.
- Net Cash Used in Financing Activities: - $44,903 for the nine months ended September 30, 2025, compared to - $64,617 for the same period in 2024.
Unique Metrics
- Adjusted EBITDA: $11,152 for the three months ended September 30, 2025, compared to $18,546 for the same period in 2024.
Future Outlook and Strategy
- Core Business Focus: The company continues to focus on its strengths, including global omnichannel reach and infrastructure-driven approach, to improve outcomes for customers and maintain competitive advantages.
- Non-Core Business: The company is monitoring macroeconomic conditions closely and may take financial or operational actions in response to such conditions.
Priority
- Strategic Plans: The company aims to leverage its platform capabilities to grow revenue from publishers and increase advertising spending from buyers, focusing on monetization excellence and infrastructure platform efficiency.

