This article first appeared on GuruFocus.

PubMatic Inc (NASDAQ:PUBM) is set to release its Q3 2025 earnings on Nov 10, 2025. The consensus estimate for Q3 2025 revenue is $63.88 million, and the earnings are expected to come in at -$0.20 per share. The full year 2025's revenue is expected to be $273.84 million and the earnings are expected to be -$0.53 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 5 Warning Signs with PUBM.

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Revenue estimates for PubMatic Inc (NASDAQ:PUBM) have declined from $293.43 million to $273.84 million for the full year 2025 and declined from $324.45 million to $277.67 million for 2026 over the past 90 days. Earnings estimates have also decreased from -$0.21 per share to -$0.53 per share for the full year 2025 and from $0.01 per share to -$0.50 per share for 2026 over the past 90 days.

In the previous quarter ending on June 30, 2025, PubMatic Inc's (NASDAQ:PUBM) actual revenue was $71.10 million, which beat analysts' revenue expectations of $67.85 million by 4.78%. PubMatic Inc's (NASDAQ:PUBM) actual earnings were -$0.11 per share, which beat analysts' earnings expectations of -$0.16 per share by 30.82%. After releasing the results, PubMatic Inc (NASDAQ:PUBM) was down by 21.10% in one day.

Based on the one-year price targets offered by 10 analysts, the average target price for PubMatic Inc (NASDAQ:PUBM) is $11.28 with a high estimate of $17.00 and a low estimate of $9.00. The average target implies an upside of 52.67% from the current price of $7.39.

Based on GuruFocus estimates, the estimated GF Value for PubMatic Inc (NASDAQ:PUBM) in one year is $18.56, suggesting an upside of 151.15% from the current price of $7.39.

Based on the consensus recommendation from 13 brokerage firms, PubMatic Inc's (NASDAQ:PUBM) average brokerage recommendation is currently 2.4, indicating an \\"Outperform\\" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.