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DoubleVerify Holdings (DV)
NYSE:DV
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.19Last Year’s EPS
$0.28Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 2.10%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
DoubleVerify demonstrated strong revenue growth and profitability with significant market share gains and expanded partnerships, particularly in retail media and social platforms. However, challenges such as slower than expected social activation growth and uncertainties due to political spending posed headwinds. Overall, the company is adapting well to the evolving market landscape.Company Guidance
During the third quarter of 2024 earnings call for DoubleVerify, the company reported an 18% year-over-year revenue growth, driven by double-digit increases across its three revenue lines: activation, measurement, and supply side. The company achieved an 83% gross margin and a 35% adjusted EBITDA margin, marking its highest profitability for any Q3 on record. Operating cash flows increased by over 50% to $55 million. Despite challenges such as clients reducing ad spend and shifts towards walled gardens, DoubleVerify secured major wins, capturing 70% of RFPs from formal advertisers, including P&G and Google. The firm expanded its solutions across social, CTV, and retail media platforms, with social measurement revenue rising 21% year-over-year. Looking ahead, DoubleVerify anticipates revenue growth of 16% for the full year 2024 and projects fourth-quarter revenue between $194 million and $200 million, with adjusted EBITDA ranging from $73 million to $79 million.Record Revenue Growth
DoubleVerify's revenue grew by 18% year-over-year in Q3 2024, up from 17% in Q2, with double-digit growth across all three revenue lines: activation, measurement, and supply side.
Strong Profitability
The company achieved an 83% gross margin and a 35% adjusted EBITDA margin, marking the highest profitability for any Q3 on record.
Successful Market Share Gains
DoubleVerify locked in key wins with industry giants like P&G and Google and won 70% of the RFPs pursued from formal advertisers, thereby significantly increasing its market share.
Expansion in Social Media
Social measurement revenue grew by 21% year-over-year in Q3, with the company onboarding approximately 60 new advertisers on platforms like Meta.
Retail Media Network Growth
Supply side retail media solutions grew nearly 40% year-over-year, contributing to the overall supply side growth rate of 30%.
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DV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $19.55 | $19.72 | +0.87% |
| Jul 30, 2024 | $21.58 | $21.12 | -2.13% |
| May 07, 2024 | $30.57 | $18.78 | -38.57% |
| Feb 28, 2024 | $39.24 | $30.89 | -21.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does DoubleVerify Holdings (DV) report earnings?
DoubleVerify Holdings (DV) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is DoubleVerify Holdings (DV) earnings time?
DoubleVerify Holdings (DV) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DV EPS forecast?
DV EPS forecast for the fiscal quarter 2024 (Q4) is $0.19.
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