Core Viewpoint - PubMatic, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its business operations and a significant reduction in ad spend from a top demand-side platform (DSP) partner, which negatively impacted its stock price [2][3]. Group 1: Financial Performance - On August 11, 2025, PubMatic reported its second quarter 2025 financial results, revealing a reduction in ad spend from one of its top DSP partners [2]. - The company's stock price fell by $2.23, approximately 21.1%, from $10.57 to $8.34 following the announcement [2]. Group 2: Lawsuit Details - The lawsuit is on behalf of investors who purchased PubMatic securities between February 27, 2025, and August 11, 2025, alleging that the company made materially false and misleading statements [3]. - Specific allegations include failure to disclose the shift of clients to a new platform by a top DSP buyer, resulting in reduced ad spend and revenue for PubMatic [3].
PUBM NOTICE: Pubmatic, Inc. Investors Urged to Contact Kirby McInerney LLP About Securities Fraud Lawsuit