PubMatic reports FY 2025 revenue $282.9M, net loss $14.5M; CTV revenue up 50%+

PubMatic, Inc.

2025-FY EPS reported -$0.31 revenue$282,926,000

Full-year 2025 revenue $282.9M (down from $291.3M); GAAP net loss $(14.5)M vs income $12.5M in 2024.
Q4 2025 revenue $80.0M (down from $85.5M); GAAP net income $6.7M vs $13.9M in prior-year Q4.
Adjusted EBITDA FY 2025 $61.6M (22% margin) vs $92.3M (32% margin) in 2024.
CTV revenue (ex-political) grew 50%+ over 2024; AgenticOS platform drove 250+ agentic deals.
Repurchased 4.1M shares in 2025 (8.1% of fully diluted shares); $93.9M remaining buyback authority.

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