PUBM - Why PubMatic Stock Was Soaring This Week
2023-11-09 13:46:46 ET
Shares of PubMatic (NASDAQ: PUBM) were near the top of the leaderboard this week as the supply-side adtech stock impressed investors with its third-quarter earnings report.
The news came as the company has struggled to deliver growth during a weak period in the digital advertising industry, but recent results show that those headwinds seem to be fading, as its fourth-quarter guidance called for a return to modest revenue growth.
As a result, PubMatic stock was up 23% as of 12:55 p.m. ET, according to data from S&P Global Market Intelligence .
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Why PubMatic Stock Was Soaring This Week