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Sep 30
DoubleVerify Q3 2025 Earnings Report
DoubleVerify reported strong third-quarter 2025 financial results, driven by double-digit revenue growth and robust adjusted EBITDA margins, while also advancing its AI, social media, and CTV product offerings.
Key Takeaways
DoubleVerify delivered an 11% year-over-year revenue increase to $188.6 million in Q3 2025, achieving a 35% adjusted EBITDA margin of $65.9 million. The company demonstrated disciplined execution across key growth initiatives and leveraged AI to enhance efficiency and product innovation, particularly in social media and CTV.
Total revenue grew 11% year-over-year to $188.6 million, reflecting strong overall performance.
Adjusted EBITDA reached $65.9 million, representing a healthy 35% adjusted EBITDA margin.
The company maintained a Gross Revenue Retention rate of over 95%, indicating strong customer loyalty.
Significant product innovations were launched, including DV AI Verification, DV Authentic Advantage for social media, and Verified Streaming TV solutions for CTV.
DoubleVerify
DoubleVerify
DoubleVerify Revenue by Segment
Revenue by Segment
Activation Revenue
CapyFin.comMeasurement Revenue
CapyFin.comSupply-Side Revenue
CapyFin.com Forward Guidance
DoubleVerify provided optimistic guidance for Q4 and full-year 2025, projecting continued revenue growth and an increase in adjusted EBITDA margin, driven by efficient scaling through AI-driven automation and disciplined cost management.
Positive Outlook
- Q4 2025 revenue projected between $207 million and $211 million, indicating a 10% year-over-year increase at the midpoint.
- Q4 2025 Adjusted EBITDA expected to be between $77 million and $81 million, representing a 38% margin at the midpoint.
- Full-year 2025 revenue growth anticipated to be approximately 14%.
- Full-year 2025 Adjusted EBITDA margin guidance raised from 32% to approximately 33%.
- Continued scaling efficiency through AI-driven automation and disciplined cost management.
Revenue & Expenses
Visualization of income flow from segment revenue to net income