Revenue Growth and Exceeding Expectations
Revenue grew 13% year-over-year, surpassing expectations. Excluding political advertising and a large DSP buyer, the business grew 17% year-over-year.
CTV Business Expansion
CTV monetized impression volume was up over 100% year-over-year for the third consecutive quarter. PubMatic now works with 70% of the top 30 streaming publishers.
Growth in Mobile App Business
The mobile app business grew over 20% year-over-year for the fourth consecutive quarter.
Innovative Product Launches
Launched new tools using generative AI technology that helped unlock streaming inventory for political ads, leading to greater-than-expected political ad activity.
Gross Profit Increase
Gross profit increased by 23% year-over-year, highlighting efficient cost management and productivity improvements.
Expansion of Partnerships
New partnerships with major entities like X (formerly Twitter) and Xumo, as well as ongoing partnerships with companies like Western Union, driving growth.