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Jun 30
DoubleVerify Q2 2025 Earnings Report
DoubleVerify reported strong second quarter 2025 financial results, with significant year-over-year revenue growth and solid performance across all revenue segments, exceeding expectations.
Key Takeaways
DoubleVerify delivered a robust second quarter in 2025, with total revenue increasing by 21% year-over-year to $189.0 million, outperforming revenue expectations. The company achieved double-digit growth across all three revenue lines: Activation (+25%), Measurement (+15%), and Supply-Side (+26%). Net income was $8.8 million, and Adjusted EBITDA reached $57.3 million, representing a 30% margin. The strong performance led to raised full-year 2025 revenue growth guidance.
Total revenue grew 21% year-over-year to $189.0 million, exceeding raised expectations.
All three revenue segments experienced double-digit growth: Activation +25%, Measurement +15%, and Supply-Side +26%.
Adjusted EBITDA was $57.3 million, maintaining a strong 30% adjusted EBITDA margin.
The company raised its full-year 2025 revenue growth guidance to approximately 15% while reaffirming its 32% Adjusted EBITDA margin guidance.
DoubleVerify
DoubleVerify
DoubleVerify Revenue by Segment
Revenue by Segment
Activation Revenue
CapyFin.comMeasurement Revenue
CapyFin.comSupply-Side Revenue
CapyFin.com Forward Guidance
DoubleVerify provided guidance for the third quarter and full year 2025, anticipating continued revenue growth and stable Adjusted EBITDA margins.
Positive Outlook
- Third Quarter 2025 Revenue expected between $188 million and $192 million, representing a 12% year-over-year increase at the midpoint.
- Third Quarter 2025 Adjusted EBITDA expected between $60 million and $64 million, representing a 33% margin at the midpoint.
- Full Year 2025 Revenue growth outlook raised to approximately 15%.
- Full Year 2025 Adjusted EBITDA margin reaffirmed at approximately 32%.
- Increased confidence in second-half performance based on strong first-half results.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the report.
- The company does not reconcile non-GAAP Adjusted EBITDA to GAAP net income in guidance due to quantification difficulties.
- Forward-looking statements are subject to known and unknown risks and uncertainties.
- Competitiveness of solutions amid technological developments or evolving industry standards could impact future performance.
- Economic downturns and unstable market conditions are potential risks.