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Dec 31, 2022
DoubleVerify Q4 2022 Earnings Report
Achieved record revenue and net cash from operating activities for the quarter and full year, with revenue increasing 27% year-over-year.
Key Takeaways
DoubleVerify reported a strong Q4 2022, achieving record revenue of $133.6 million, a 27% increase year-over-year. The company's performance was driven by growth in activation and measurement revenue, as well as continued expansion in CTV and social media. DoubleVerify is well-positioned to drive further business expansion and accelerate long-term growth.
Total revenue increased by 27% to $133.6 million.
Activation revenue grew by 40% to $75.5 million.
Measurement revenue increased by 10% to $46.3 million.
Adjusted EBITDA reached $48.9 million, representing a 37% margin.
Revenue by Segment
Forward Guidance
DoubleVerify anticipates Revenue and Adjusted EBITDA to be in the following ranges:
Positive Outlook
- Revenue of $117 to $119 million for Q1 2023, a year-over-year increase of 22% at the midpoint.
- Adjusted EBITDA in the range of $28 to $30 million for Q1 2023, representing a 25% margin at the midpoint.
- Revenue of $550 to $564 million for full year 2023, a year-over-year increase of 23% at the midpoint.
- Adjusted EBITDA in the range of $164 to $172 million for full year 2023, representing a 30% margin at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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