RBC Capital analysts provided their outlook on PubMatic, Inc. (NASDAQ:PUBM) ahead of the upcoming Q3 results announcement.

As the macros remain a focal point for investors, the analysts expect the company to deliver in-line results but conservatively adjust their estimates to the lower end of guidance to account for macro headwinds reflected in peer results.

While the analysts are positive on the long-term strategic positioning, they are cautious about the company's international exposure, approximately 27% in EMEA and 11% in APAC, which it overcame in Q2 with domestic strength.