How Did PubMatic (NASDAQ:PUBM) Revenue Grow 17% to $79.6 Million in Q3 2026?

Sonal Goyal

10 November 2026 06:56 PM AEDT

How Did PubMatic (NASDAQ:PUBM) Revenue Grow 17% to $79.6 Million in Q3 2026?

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Key Highlights

Revenue in the third quarter of 2026 was $79.6 million, up 17% year over year.
Gross Margin was 70%, compared with 63% in the third quarter of 2025.
Adjusted EBITDA was $26.0 million, or a 33% margin.
Non-GAAP Net Income was $12.6 million for the quarter.

PubMatic (NASDAQ:PUBM) reported third-quarter 2026 Revenue of $79.6 million, up 17% from the same period in 2025. The company said total revenues grew for the third consecutive quarter of accelerating growth, and that CTV, mobile app and emerging revenues represented about 64% of total revenue. Adjusted EBITDA was $26.0 million, or a 33% margin.

Revenue and Gross Margin

Third-quarter revenue of $79.6 million was 17% higher than in the same period of 2025. The company reported that growth accelerated for the third consecutive quarter. CTV, mobile app and emerging revenues together represented about 64% of total revenue.

Gross profit was $55.6 million, or a 70% margin, compared with a 63% gross margin in the third quarter of 2025.

Net Income and Adjusted EBITDA

GAAP net income was $5.5 million for the quarter, with a net margin of 7%. Non-GAAP net income was $12.6 million, according to the company's report.

Adjusted EBITDA increased to $26.0 million, or a 33% margin, from $11.2 million, or a 16% margin, in the same period of 2025. Adjusted EBITDA is a non-GAAP measure that the company reconciles to GAAP results in its report.

Operating Cash Flow and Repurchases

Net cash provided by Operating Activities was $30.8 million for the quarter, in the prior-year period, according to the company's report. The company also reported a share repurchase program.

The company reported adoption of its agentic offerings, with more than 120 agentic campaigns and more than 14,000 AI-powered deals in the period, according to its report.

Final Word

PubMatic reported third-quarter 2026 revenue of $79.6 million, up 17%, gross margin of 70%, GAAP net income of $5.5 million, non-GAAP net income of $12.6 million, Adjusted EBITDA of $26.0 million at a 33% margin and Operating Cash Flow of $30.8 million.

FAQs

Q: What was PubMatic's third-quarter 2026 revenue?

A: Revenue was $79.6 million, up 17% from the third quarter of 2025.

Q: What was the gross margin?

A: Gross margin was 70%, compared with 63% in the third quarter of 2025.

Q: What was Adjusted EBITDA?

A: Adjusted EBITDA was $26.0 million, or a 33% margin.

Q: How many agentic campaigns did the company report?

A: The company reported more than 120 agentic campaigns and more than 14,000 AI-powered deals.

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