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Mar 31, 2022
DoubleVerify Q1 2022 Earnings Report
DoubleVerify's Q1 2022 financial results were released, showcasing record revenue and growth, driven by global expansion and innovation.
Key Takeaways
DoubleVerify reported a strong first quarter with a 43% increase in revenue year-over-year, reaching $96.7 million. The growth was fueled by expansion in pre-campaign activation across programmatic, social, and CTV channels. The company achieved a net income of $4.6 million and an adjusted EBITDA of $24.7 million.
Total revenue increased by 43% year-over-year to $96.7 million.
Activation revenue grew by 56% to $53.0 million.
Measurement revenue increased by 23% to $33.8 million.
Net income reached $4.6 million with adjusted EBITDA at $24.7 million.
Revenue by Segment
Forward Guidance
DoubleVerify anticipates strong financial performance for the second quarter and full year 2022, with revenue and Adjusted EBITDA expected to be within the provided ranges.
Positive Outlook
- Second Quarter 2022 Revenue: $101 to $103 million, a year-over-year increase of 33% at the midpoint.
- Second Quarter 2022 Adjusted EBITDA: $27 to $29 million, representing a 27% margin at the midpoint.
- Full Year 2022 Revenue: $439 to $445 million, a year-over-year increase of 33% at the midpoint.
- Full Year 2022 Adjusted EBITDA: $131 to $137 million, representing a 30% margin at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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