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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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