DoubleVerify Q2 revenue $76.5M (+44% YoY); raises FY revenue view to $325-330M

DoubleVerify Holdings, Inc.

2021-Q2 EPS reported -$0.05 revenue$144,110,000

Revenue $76.5M (+44% YoY), led by advertiser programmatic $37.9M (+57%) and direct $31.7M (+34%).
Net loss $12.6M due to $18.9M IPO costs; adjusted EBITDA $21.2M (+35%), 28% margin.
FY2021 revenue guidance raised to $325-330M (from $322-326M); adjusted EBITDA kept at $103-105M.
Authentic Brand Safety revenue up 112% YoY; new clients include Diageo, Philip Morris, Target, Progressive.
Cash $330M, no debt after repaying $22M term loan; gross revenue retention >95%.

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