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Dec 31, 2024
DoubleVerify Q4 2024 Earnings Report
DoubleVerify reported strong revenue growth and profitability in Q4 2024.
Key Takeaways
DoubleVerify's Q4 2024 revenue increased 11% year-over-year to $190.6 million, driven by growth in activation, measurement, and supply-side customer segments. Net income was $23.4 million, while adjusted EBITDA reached $73.8 million with a record 39% margin. The company continued to expand globally, with strong demand for CTV measurement and social media verification services.
Total revenue increased 11% year-over-year to $190.6 million.
Net income was $23.4 million, with an adjusted EBITDA margin of 39%.
CTV measurement transactions surged 95% year-over-year.
Supply-side revenue grew 34% year-over-year to $16.7 million.
DoubleVerify
DoubleVerify
DoubleVerify Revenue by Segment
Revenue by Segment
Activation Revenue
CapyFin.comMeasurement Revenue
CapyFin.com Forward Guidance
DoubleVerify expects strong revenue growth in 2025, driven by continued demand for digital media measurement solutions.
Positive Outlook
- Revenue expected to grow approximately 10% in 2025.
- Adjusted EBITDA margin projected to be around 32%.
- Continued expansion in CTV and social media verification services.
- Acquisition of Rockerbox to enhance measurement and attribution capabilities.
- Strong balance sheet supports continued investment and share repurchase programs.
Challenges Ahead
- Macroeconomic uncertainty may impact advertising spend.
- Competitive pressures in the ad verification market remain high.
- Foreign currency fluctuations may affect reported results.
- Higher investment in innovation and acquisitions may impact short-term margins.
- Regulatory changes in digital advertising could pose challenges.