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Jun 30, 2021
DoubleVerify Q2 2021 Earnings Report
DoubleVerify experienced revenue growth driven by programmatic, CTV, Social and International revenue.
Key Takeaways
DoubleVerify announced strong Q2 2021 financial results, with a 44% increase in total revenue year-over-year to $76.5 million. The growth was fueled by record programmatic revenue, driven by the adoption of their Authentic Brand Safety solution. The company also raised its full-year 2021 revenue outlook.
Total revenue increased 44% year-over-year to $76.5 million.
Advertiser Direct revenue increased 34% year-over-year to $31.7 million.
Advertiser Programmatic revenue increased 57% year-over-year to $37.9 million.
Adjusted EBITDA increased 35% year-over-year to $21.2 million.
Forward Guidance
DoubleVerify anticipates for the third quarter 2021, Revenue of $81 to $83 million, a year-over-year increase of 34% at the midpoint and Adjusted EBITDA in the range of $22 to $24 million, a year-over-year improvement of 59% at the midpoint. For the full year 2021, Revenue of $325 to $330 million, a year-over-year increase of 34% at the midpoint and Adjusted EBITDA in the range of $103 to $105 million, a year-over-year increase of 42% at the midpoint.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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