Quarterly ResultMay 7, 2026, 04:21 PM
PubMatic Q1 2026 Revenue $62.6M, Adjusted EBITDA $2.6M
AI Summary
PubMatic, Inc. announced its first quarter 2026 financial results, reporting revenue of $62.6 million and adjusted EBITDA of $2.6 million, both exceeding guidance. The company posted a GAAP net loss of $(12.5) million. PubMatic highlighted strong adoption of its AI capabilities, with over 1,000 AI-powered deals and 20+ AI agents on AgenticOS, driving operational efficiencies and new revenue streams. Net cash from operations increased 11% to $17.3 million, and the company repurchased 1.0 million shares. PubMatic expects to return to double-digit revenue growth in the second half of 2026.
Key Highlights
- Q1 2026 revenue was $62.6 million, compared to $63.8 million in Q1 2025.
- GAAP net loss was $(12.5) million, or $(0.27) per diluted share.
- Adjusted EBITDA was $2.6 million, or 4% margin.
- Net cash provided by operating activities was $17.3 million, up 11% over Q1 2025.
- Repurchased 1.0 million shares in Q1 2026, representing 2.1% of fully diluted shares.
- Underlying business grew 13% year-over-year, excluding legacy DSP.
- Q2 2026 revenue guidance is $68 million to $70 million.
- Q2 2026 adjusted EBITDA guidance is $8.0 million to $10.0 million.