Loading...
•
Sep 30, 2023
DoubleVerify Q3 2023 Earnings Report
Reported a strong third quarter, driven by growth in key geographies and digital media environments, and completed the acquisition of Scibids.
Key Takeaways
DoubleVerify reported an outstanding third quarter with revenue increasing by 28% year-over-year to $144.0 million. The company achieved a net income of $13.3 million and an adjusted EBITDA of $45.7 million, representing a 32% adjusted EBITDA margin. DoubleVerify also completed the acquisition of Scibids.
Total revenue increased by 28% year-over-year to $144.0 million.
Advertiser revenue grew by 32% year-over-year.
Net income was $13.3 million, with adjusted EBITDA at $45.7 million, a 32% margin.
Completed the acquisition of Scibids, an AI powered optimization platform.
Revenue by Segment
Forward Guidance
DoubleVerify anticipates for the fourth quarter 2023 revenue of $170 to $174 million, a year-over-year increase of 29% at the midpoint, and adjusted EBITDA in the range of $57 to $61 million, representing a 34% margin at the midpoint.
Positive Outlook
- Revenue of $170 to $174 million, a year-over-year increase of 29% at the midpoint.
- Adjusted EBITDA in the range of $57 to $61 million, representing a 34% margin at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...