Management ChangeAug 6, 2026, 04:30 PM
PubMatic CFO Steve Pantelick to Retire; Q2 Revenue Up 11%
AI Summary
PubMatic, Inc. announced that Chief Financial Officer Steve Pantelick plans to retire, continuing in his role until Q1 2027 and then as a senior adviser through July 1, 2027, to ensure an orderly transition. Concurrently, the company reported strong second-quarter 2026 financial results, with revenue increasing 11% year-over-year to $78.6 million and adjusted EBITDA growing 38% to $19.6 million, exceeding guidance. The company also repurchased 2.1 million shares during the quarter and provided positive Q3 2026 guidance.
Key Highlights
- CFO Steve Pantelick announced planned retirement, serving until Q1 2027.
- Company initiated a search for Mr. Pantelick's successor.
- Q2 2026 revenue increased 11% year-over-year to $78.6 million.
- Adjusted EBITDA grew 38% to $19.6 million, with a 25% margin.
- GAAP net loss narrowed to $(1.2) million from $(5.2) million in Q2 2025.
- Free cash flow rose 47% year-over-year to $13.7 million.
- Repurchased 2.1 million shares in Q2 2026, representing 4.2% of shares.
- Q3 2026 revenue guidance set at $75 million to $77 million.
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Price Impact
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