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.

Total Revenue

$191M

Previous year: $172M

+10.7%

EPS

$0.14

Previous year: $0.19

-26.3%

Gross Revenue Retention

95%

Adjusted EBITDA

$73.8M

Previous year: $65.4M

+12.9%

Media Transactions Measured

8.3T

Previous year: 7.27T

+14.2%

Cash and Equivalents

$293M

Previous year: $310M

-5.6%

Total Assets

$1.28B

Previous year: $1.24B

+2.7%

DoubleVerify Revenue

DoubleVerify EPS

DoubleVerify Revenue by Segment

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.