PubMatic reports record Q3 revenue, beats earnings and raises outlook

PubMatic announced Q3 2026 results with adjusted earnings per share of $0.25 and revenue of $79.6 million, surpassing analyst expectations. Revenue grew 17.1% year‑on‑year, driven by strong performance in CTV, mobile app and its Activate platform. The company said operating margin improved to 11% and gross margin rose to 70%, and it forecast Q4 revenue of $91‑$93 million while expanding its share repurchase program.

The earnings beat and higher margins suggest stronger profitability, which may support the company’s guidance and share‑repurchase expansion. Investors will watch whether the raised Q4 revenue outlook translates into higher cash flow and earnings in the coming quarter.

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