Tue Nov 12 21:23:38 UTC 2024: ## PubMatic to Report Earnings Tomorrow, Analysts Expect Modest Growth
**San Francisco, CA -** Programmatic advertising platform PubMatic (NASDAQ: PUBM) is set to announce its third-quarter earnings results tomorrow afternoon. Analysts anticipate a modest 3.7% year-on-year revenue increase to $66.04 million, marking a turnaround from the 1.3% decline experienced in the same quarter last year.
The company has a history of missing Wall Street revenue expectations, having done so three times in the past two years. However, analysts are largely optimistic about PubMatic’s upcoming report, with most reconfirming their estimates in recent weeks.
While PubMatic’s performance will be in focus, investors will also be watching closely for any signs of how the advertising landscape is evolving. Competitors in the advertising software space, including AppLovin (NASDAQ: APP) and The Trade Desk (NASDAQ: TTD), recently reported strong third-quarter results. AppLovin saw impressive 38.6% year-on-year revenue growth, while The Trade Desk reported a 27.3% increase.
Despite the positive sentiment in the advertising software sector, with share prices up an average of 11% over the past month, PubMatic’s stock has lagged slightly, climbing only 3.4%. Analysts currently have an average price target of $20 for the company, which is significantly higher than its current share price of $15.63.
Investors will be looking for PubMatic to demonstrate that it can keep pace with its peers and provide evidence of sustained growth in the coming quarters.
First Piper 