DV Q2 revenue up 22% to $133.7M, net income $12.8M; acquires Scibids for $125M

DoubleVerify Holdings, Inc.

2023-Q2 EPS reported $0.15 revenue$256,338,000

Revenue $133.7M (+22% YoY); Net income $12.8M vs $10.3M; Adj EBITDA $40M (30% margin).
Activation revenue $77.9M (+29%); Measurement $45M (+16%); Supply-side $10.8M (+4%).
Agreed to acquire Scibids for $125M (cash+stock) with potential earnout; expected close Q3 2023.
FY 2023 guidance: Revenue $557-569M (+24% midpt); Adj EBITDA $171-179M (31% margin midpt).
Q3 2023 guidance: Revenue $135-141M (+23% midpt); Adj EBITDA $39-41M (29% margin midpt).

item 2.02 item 8.01 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 third quarter 2023 results: revenue $135 to $141 million. Guidance initiated.

Period: third quarter 2023
Revenue: $135 to $141 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Third Quarter 2023: ● Revenue of $135 to $141 million, a year-over-year increase of 23% at the midpoint. ● Adjusted EBITDA in the range of $39 to $41 million, representing a 29% margin at the midpoint.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DoubleVerify Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue $133.7 million, net income $12.8 million.

Period: second quarter ended June 30, 2023
Revenue: $133.7 million
Net income: $12.8 million
Result: reported results

Exact text from the filing

DoubleVerify Reports Second Quarter 2023 Financial Results Increased Revenue by 22% Year-over-Year to $133.7 Million Driven by Global Growth in Social, CTV Measurement and Programmatic Activation Achieved Net Income of $12.8 Million and Adjusted EBITDA of $40.0 Million, representing a 30% Adjusted EBITDA margin

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DoubleVerify Holdings, Inc. reported full year 2023 results: revenue $557 to $569 million. Guidance reaffirmed.

Period: full year 2023
Revenue: $557 to $569 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Full Year 2023: ● Revenue of $557 to $569 million, a year-over-year increase of 24% at the midpoint. ● Adjusted EBITDA in the range of $171 to $179 million, representing a 31% margin at the midpoint.

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DoubleVerify Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-012566

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