PubMatic (PUBM) Q2 Earnings: Revenue Up 11%, EBITDA Jumps 38%

PubMatic returned to double-digit growth in the second quarter, with revenue climbing 11% year-over-year to $78.3 million, fueled by strong performance in mobile app and connected TV segments. Adjusted EBITDA surged 38% to $19.6 million, underscoring operational efficiency gains as the company focuses on higher-growth areas.

### Money Play

* Watch PubMatic ($PUBM+WL) as its strategic shift toward CTV and mobile app revenue accelerates, driving double-digit growth. * Monitor Supply-Side Platform ($SSP+WL) peers for similar trends in digital advertising monetization.

## Catalyst Analysis: Q2 Earnings

PubMatic reported a return to double-digit growth in the second quarter, with revenue increasing 11% year-over-year to $78.3 million. This performance outpaced prior expectations, driven by momentum in connected TV (CTV), mobile applications, and AI-powered products. Adjusted EBITDA saw a significant rise of 38% from the prior year, reaching $19.6 million, which translates to a 25% margin. Free cash flow also grew substantially, up 47% to $13.7 million.

Growth was primarily led by strategic areas. Mobile app revenue expanded by more than 40%, while CTV revenue grew 13%. Emerging revenue streams nearly doubled, now representing approximately 15% of total revenue, supported by adoption of AI products. CTV, which constituted about 20% of total revenue, saw a 25% increase in the Americas. Overall display revenue rose 12%, largely attributable to mobile app growth. Gross profit increased 19%, outpacing revenue growth.

## $PUBM+WL Technical Analysis & Key Risk Watch

97.55 · last ## $PUBM+WL Technical Analysis & Key Risk Watch 96.51 · S1 ## $PUBM+WL Technical Analysis & Key Risk Watch 96.03 · S2 ## $PUBM+WL Technical Analysis & Key Risk Watch 94.74.

### Sector Ripple / Impact on AdTech

PubMatic's performance in CTV and mobile app advertising highlights broader industry trends. Companies in the ad-tech space, such as Supply-Side Platform ($SSP+WL), may experience similar shifts in revenue mix and growth drivers. The focus on AI-powered products and higher-growth segments indicates a strategic pivot across the sector.