PubMatic Announces Planned Retirement of Chief Financial Officer Steve Pantelick

PubMatic, Inc., the leading AI-powered ad tech company delivering digital advertising performance, announced that Steve Pantelick, Chief Financial Officer, intends to retire after fifteen years in the role. Pantelick will continue to serve as Chief Financial Officer into the first quarter of 2027, and then as a senior adviser through July 1, 2027, to support continuity and a smooth transition. The Company has initiated a search for his successor.

Since joining PubMatic in 2011, Pantelick has played a central role in the company’s growth from a privately held business into a global public company, leading its finance and legal organizations including accounting, tax, treasury, SEC reporting and investor relations. Since its 2020 initial public offering, revenue has nearly doubled, and the company has generated approximately $450 million in net cash provided by operating activities, returned nearly half of it to shareholders through the repurchase of more than $211 million of its shares, and maintained a debt-free balance sheet.

Under Pantelick’s leadership, PubMatic has been profitable on an adjusted EBITDA basis for 41 consecutive quarters, a streak that began in 2016, more than four years before the IPO. He also helped shape the company’s disciplined operating model, driving productivity gains that funded strategic reinvestment. The organization he built has the leadership depth, operating rigor and institutional knowledge to support the company’s continued success.

“Steve has been my partner in building PubMatic for fifteen years,” said Rajeev Goel, Co-Founder and CEO. “I’ve relied on his judgment through every major decision, and the trust he has earned, inside PubMatic and with our investors, is one of the company’s great assets. He has built a strong leadership team that is well prepared for the growth opportunities ahead. I am deeply grateful for his partnership, his leadership and his friendship.”

“Today, I believe PubMatic is in the strongest position I have seen in my fifteen years here, which is what makes this the right time to begin planning my retirement,” said Steve Pantelick, Chief Financial Officer. “I joined PubMatic when it was a small private company, and together with Rajeev and this exceptional team, we have built something I am incredibly proud of: a global public company with a strong financial model, substantial operating flexibility and a culture of disciplined execution. My priority is continuing the momentum we reported today.”

The announcement coincides with PubMatic’s second quarter 2026 financial results, issued separately today, which included the company’s return to double-digit year-over-year revenue growth ahead of schedule and expanded profitability. Additional details regarding the transition will be included in the Company’s filings with the Securities and Exchange Commission.