Core Viewpoint - A securities class action lawsuit has been filed against DoubleVerify Holdings, Inc. for allegedly making false and misleading statements regarding its business operations and financial performance during the class period from November 10, 2023, to February 27, 2025 [1] Group 1: Allegations Against the Company - The lawsuit claims that the company's customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's technological capabilities were limited [2] - It is alleged that the company's ability to monetize its high-margin Activation Services was constrained due to the high costs and time required for technology development for closed platforms [2] - The complaint states that monetization of Activation Services on certain closed platforms would take several years, contrary to what was disclosed to investors [2] - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive stance and profitability [2] - The company is accused of systematically overbilling customers for ad impressions served to declared bots operating from known data center server farms [2] - The risk disclosures provided by the company were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2] - As a result of these issues, the positive statements made by the company regarding its business and prospects were deemed materially false or misleading [2] Group 2: Investor Information - Investors who acquired shares of DoubleVerify are encouraged to contact the law firm before the lead plaintiff motion deadline of July 15, 2025 [3]

Financial Data and Key Metrics Changes - The company reported a consolidated revenue increase of 17% to $91.9 million in Q1 2025 compared to Q1 2024 [4][14] - Excluding non-cash accounting charges, the operating loss was $3.9 million in Q1 2025 [4][24] - The net loss attributable to common stockholders was $48 million, primarily due to non-cash charges [24] Business Line Data and Key Metrics Changes - Media segment revenue decreased by 10% to $41 million in Q1 2025 compared to Q1 2024, attributed to reduced local advertising spend [5][15] - Advertising Technology and Services (ATS) segment revenue increased by 57% to $50.9 million in Q1 2025 compared to Q1 2024, driven by more customers and higher spend per customer [9][14] Market Data and Key Metrics Changes - The media segment experienced a decline in active local advertisers, while the average spend per active advertiser increased slightly [5] - The ATS segment's growth was supported by investments in technology and increased sales capacity [9][20] Company Strategy and Development Direction - The company is focusing on increasing local sales capacity and expanding digital sales capabilities in the media segment [7][11] - In the ATS segment, the strategy includes investing in engineering to enhance technology and AI capabilities [9][20] - The overall goal is to optimize organizational structure and reduce expenses while driving revenue growth [12][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need for improvement in operating performance, particularly in the media segment [4][21] - There is optimism regarding the ATS segment's growth potential and the effectiveness of ongoing investments [20] Other Important Information - Corporate expenses were reduced by 36% to $7.8 million in Q1 2025 compared to Q1 2024 [21][22] - The company incurred non-cash charges totaling $48.9 million due to asset write-downs and office relocation [23][24] - The company maintains a strong balance sheet with $78 million in cash and marketable securities [24] Q&A Session Summary Question: How has Entravision's business been impacted by recent changes in trade policy and tariffs? - Management indicated that the advertising services business is not directly subject to tariffs, and many advertisers are local service businesses not impacted by tariffs [29][30] - No changes to forecasts or strategic plans have been made in response to trade policy changes [31]

Core Viewpoint - AppLovin Corporation is facing a class action lawsuit due to allegations of misleading investors regarding its digital advertising platform and manipulative practices that inflated financial metrics [3][4]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased AppLovin securities between May 10, 2023, and February 25, 2025, with a deadline of May 5, 2025, for filing a lead plaintiff motion [1]. - The lawsuit claims that AppLovin misled investors by promoting its AXON 2.0 platform and AI technologies as beneficial for advertising efficiency, while allegedly engaging in deceptive practices [3]. Group 2: Allegations Against AppLovin - Allegations include the exploitation of advertising data from Meta Platforms and the use of a "backdoor installation scheme" to force unwanted apps onto users' devices, leading to inflated installation metrics [3]. - Reports on February 26, 2025, indicated that AppLovin was reverse engineering Meta's advertising data and employing deceptive methods to artificially boost ad performance, resulting in a share price decline of over 12% [4].