PubMatic Q2: New Headwind Emerges As The Previous One Recedes

Summary of Key Points Core Viewpoint - PubMatic's shares experienced a significant decline of over 30% at the market open following the release of its Q2 results, ultimately closing down 21% compared to the previous day's closing price [1]. Financial Results - The Q2 results led to a sharp drop in share price, indicating a negative market reaction to the company's performance [1]. Market Reaction - Despite the initial plunge, shares rallied off their lows but still ended the trading day with a substantial loss, reflecting investor concerns regarding the company's financial health [1].