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PUBMATIC ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of the October 20th Deadline in the Filed PubMatic, Inc. Class Action Lawsuit
PubMaticPubMatic(US:PUBM) Globenewswireยท2025-10-10 17:50

Core Viewpoint - A class action lawsuit has been filed against PubMatic, Inc. for allegedly making materially false and misleading statements regarding its business operations and financial outlook during the class period from February 27, 2025, to August 11, 2025 [6]. Allegation Details - The lawsuit claims that PubMatic failed to disclose significant adverse facts, including a top Demand-Side Platform (DSP) buyer shifting clients to a new platform, resulting in reduced ad spend and revenue for PubMatic [6]. - The company's positive statements about its business were deemed materially misleading due to these undisclosed issues [6]. Financial Impact - Following the release of its second quarter 2025 financial report on August 11, 2025, which acknowledged a reduction in ad spend from a top DSP partner, PubMatic's stock price fell by $2.23, or 21.1%, closing at $8.34 per share on August 12, 2025 [6].