PubMatic, Inc. (PUBM) Earnings Call Transcripts
PubMatic, Inc.'s Latest Earnings Call - Q1 FY2026
In Q1 2026, PubMatic reported revenue of $62.6 million and adjusted EBITDA of $2.6 million, both exceeding prior guidance and reflecting a strong 13% year-over-year growth in its underlying business. The company highlighted significant momentum in emerging revenue streams, which grew over 80% year-over-year, driven by the adoption of its AI solutions, particularly AgenticOS. Management expects Q2 revenue to range between $68 million and $70 million, indicating continued growth and a return to double-digit growth in the second half of the year, supported by ongoing investments in AI and operational efficiencies.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $62.6 million (beat) |
| Adjusted EBITDA | $2.6 million (beat) |
| Free Cash Flow | $10.7 million (beat) |
| Emerging Revenues Growth | 80% YoY (beat) |
| Q2 Revenue Guidance | $68 million to $70 million (inline) |
| Q2 Adjusted EBITDA Guidance | $8 million to $10 million (inline) |
Guidance from management
Management expects Q2 revenue to be between $68 million and $70 million and adjusted EBITDA to be between $8 million and $10 million, indicating continued growth momentum. They anticipate a return to double-digit revenue growth in the second half of the year.
What management said
Sure. Good to reconnect, Matt. We'll see the benefit of lapping it not really at the start of the quarter. We saw some of the impact flow in at the beginning of the quarter. But by mid-quarter, we'll be fully lapping the impact.
Yes. I mean it was basically flattish, very similar to our overall reported number and reflects sort of the impact from the legacy DSP, and I fully anticipate that to return to positive going into the second half of the year.
What analysts pressed on
Analysts expressed concerns regarding the ongoing impact of the legacy DSP on growth visibility and the potential for slower growth in certain segments. There were questions about how the company plans to navigate macroeconomic uncertainties and the timing of the anticipated recovery in ad spend.
Main topics on the call
- Strong Revenue Growth — PubMatic achieved Q1 revenue of $62.6 million, reflecting a 13% year-over-year growth in its underlying business. Management stated, "These results reflect the continued strength of our business and accelerating adoption...
- Emerging Revenue Streams — Emerging revenues surged over 80% year-over-year, now constituting 14% of total revenues, driven by the adoption of AgenticOS. Management noted, "The new strategy we launched in summer of 2025 is delivering tangible resu...
- AI-Driven Transformation — Management emphasized that AI is redefining the digital advertising market, stating, "Agentic AI is more than just a productivity tool. It's a structural shift that is redefining the entire digital advertising market."
- Guidance for Q2 and Beyond — PubMatic expects Q2 revenue between $68 million and $70 million, with adjusted EBITDA projected at $8 million to $10 million. Management expressed confidence in returning to double-digit growth in the second half of the ...
Read the full PubMatic, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About PubMatic, Inc.
PubMatic, Inc. (PUBM) is a publicly listed company in the Media industry, within the Communication Services sector. It trades on NasdaqGM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 24 calls on record spanning February 23, 2021 to May 7, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 24 PubMatic, Inc. earnings call transcripts on record, spanning February 23, 2021 to May 7, 2026. Based on this history, PubMatic, Inc. reports quarterly. The most recent call on file is dated May 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PUBM
- Exchange
- NasdaqGM
- Country
- US
- Sector
- Communication Services
- Industry
- Media
- Calls on record
- 24
- First call
- February 23, 2021
- Most recent
- May 7, 2026
- Reporting cadence
- quarterly