DoubleVerify beats Q1 expectations with 27% revenue growth, raises full-year guidance

DoubleVerify Holdings, Inc.

2023-Q1 EPS reported $0.07 revenue$122,594,000

Revenue $122.6M (+27% YoY), net income $12.2M, adjusted EBITDA $35.9M (29% margin).
Activation $69.9M (+32%), Measurement $41.4M (+22%), CTV MTM +39%, Social MTM +33%.
Raised FY23 guidance: revenue $557-569M (+24% YoY); Adj. EBITDA $171-179M (31% margin).
Gross Revenue Retention >95%; ABS revenue +56%; new wins: Merck, Amazon, Airbnb, Swarovski, Daikin.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DoubleVerify Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $122.6 million, net income $12.2 million. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $122.6 million
Net income: $12.2 million
Guidance: raised
Result: reported results

Exact text from the filing

DoubleVerify Reports First Quarter 2023 Financial Results Increased Revenue by 27% Year-over-Year to $122.6 Million Driven by Global Growth in Social and CTV Measurement and Programmatic Activation Achieved Net Income of $12.2 Million and Adjusted EBITDA of $35.9 Million

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Source: SEC EDGAR

accession 0001558370-23-009128

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