PubMatic (PUBM) Soars on Q3 Beat as Analysts Hike Targets to $20; AI & CTV Momentum in Focus — Nov. 11, 2025
PubMatic shares jumped to $10.40 intraday after Q3 revenue of $67.96 million and non-GAAP EPS of $0.03 beat estimates. Rosenblatt, Evercore ISI, and Wolfe Research raised price targets, citing stronger CTV and AI performance. Management guided Q4 revenue to $73–$77 million and adjusted EBITDA to $19–$21 million. Cash stood at $136.5 million with no debt.
