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Jun 30, 2024
DoubleVerify Q2 2024 Earnings Report
Increased revenue driven by global growth in social and CTV measurement, achieved net income and adjusted EBITDA, and raised midpoints of full-year revenue and adjusted EBITDA guidance ranges.
Key Takeaways
DoubleVerify reported a strong second quarter, re-accelerating revenue growth momentum driven by success in social and CTV measurement and bolstered by the strength of the retail media platform business. Total revenue increased by 17% year-over-year to $155.9 million, net income was $7.5 million, and adjusted EBITDA reached $46.8 million.
Total revenue increased by 17% year-over-year to $155.9 million.
Activation revenue increased by 12% to $87.5 million.
Measurement revenue increased by 22% to $54.8 million, with social measurement revenue up by 44%.
Net income was $7.5 million and adjusted EBITDA was $46.8 million, representing a 30% adjusted EBITDA margin.
DoubleVerify
DoubleVerify
DoubleVerify Revenue by Segment
Revenue by Segment
Activation Revenue
CapyFin.comMeasurement Revenue
CapyFin.comSupply-Side Revenue
CapyFin.com Forward Guidance
DoubleVerify anticipates Revenue and Adjusted EBITDA to be in the following ranges:
Positive Outlook
- Third Quarter 2024 Revenue: $167 to $171 million, a year-over-year increase of 17% at the midpoint.
- Third Quarter 2024 Adjusted EBITDA: $49 to $53 million, representing a 30% margin at the midpoint.
- Full Year 2024 Revenue: $667 to $675 million, a year-over-year increase of 17% at the midpoint.
- Full Year 2024 Adjusted EBITDA: $206 to $214 million, representing a 31% margin at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income