PubMatic shares rise ~90% in 2026 on strong growth in CTV, mobile ads, and new tech boosts revenue efficiency.

PubMatic's stock has surged about 90% this year as investors respond to a business turnaround starting in Q2 2026. The company is benefiting from its focus on connected TV (CTV) and mobile app advertising, which now represent 60% of its revenue. Its new AgenticOS technology doubles ad reach per spend and cuts campaign setup times by 87%, driving incremental revenue growth. Despite these positive developments, the analyst remains cautious and recommends holding the stock until Q3 results confirm the momentum.

PubMatic trades at USD 15.89 on Pluang as of Oct 31, 2026 22:31 WIB, down 6.58% in the last day. The stock's market cap stands at $722.88 million, reflecting significant investor interest despite the recent pullback. This aligns with the article's note of a strong price surge earlier in the year, though current trading shows some profit-taking or caution ahead of upcoming quarterly results.