PubMatic(US:PUBM) Globenewswireยท2025-10-14 14:38Core Viewpoint - A class action lawsuit has been filed against PubMatic, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the Class Period from February 27, 2025, to August 11, 2025 [5]. 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, leading to a reduction in ad spend and revenue [5]. - The complaint highlights that the positive statements made by PubMatic regarding its business were misleading and lacked a reasonable basis due to these undisclosed issues [5]. Financial Impact - Following the release of its second quarter 2025 financial report on August 11, 2025, which revealed 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 [5].