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Why Pubmatic Stock Was Tumbling Today

TheMotleyFool

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Shares of Pubmatic (NASDAQ: PUBM), a supply-side adtech platform, were falling today after the company issued a disappointing third-quarter earnings report, and its guidance called for revenue growth to grind to a halt in the fourth quarter.

As of 2:14 p.m. ET, the stock was down 14.2%.

Revenue in the quarter grew just 11% to $64.5 million, showing the company is getting hit by the same macro headwinds as much of the rest of the advertising industry. That missed estimates at $66.9 million.

Source Fool.com

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