Doubleverify Holdings, Inc. ( (DV) ) has released its Q3 earnings. Here is a breakdown of the information Doubleverify Holdings, Inc. presented to its investors.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
DoubleVerify Holdings, Inc. is a leading software platform in the digital media measurement, data, and analytics sector, providing solutions for advertisers and platforms to maximize ad effectiveness and safeguard brand equity. In its third quarter of 2024 earnings report, DoubleVerify announced an 18% increase in revenue year-over-year, reaching $169.6 million, alongside a net income of $18.2 million. The company also reported a 35% adjusted EBITDA margin, highlighting its strong market position and operational efficiency. Key financial highlights include a 21% increase in social measurement revenue, a significant 59% growth in CTV media transactions measured, and a robust 30% rise in supply-side revenue. Additionally, DoubleVerify announced new strategic partnerships, including with Microsoft and Oracle, and expanded its suite of brand safety tools across major platforms like Meta and TikTok. Looking forward, DoubleVerify is focused on innovative solutions to further enhance its market reach and maintain its growth trajectory, with plans for continued expansion in social media activation and additional stock repurchases authorized at $200 million.
