DoubleVerify Q3 2023 Earnings Report
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.
DoubleVerify
DoubleVerify
DoubleVerify 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.