DoubleVerify Q3 revenue $144M (+28% YoY), raises FY2023 guidance; completes Scibids acquisition

DoubleVerify Holdings, Inc.

2023-Q3 EPS reported $0.22 revenue$400,312,000

Total Q3 revenue $144.0M (+28% YoY); net income $13.3M; adjusted EBITDA $45.7M (32% margin).
Full-year 2023 guidance raised: revenue $570-$574M (+27% YoY at midpoint), adjusted EBITDA $179-$183M.
Completed acquisition of Scibids, an AI-powered digital campaign optimization platform; consideration ~$52.9M in stock plus cash.
Activation revenue $81.7M (+31% YoY); Measurement revenue $51.3M (+32% YoY); Supply-Side revenue $11.0M (-2% YoY).
Social MTM +61%, CTV +29%; international measurement revenue +62%; gross revenue retention >95%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DoubleVerify Holdings, Inc. reported the third quarter ended September 30, 2023 results: revenue $144.0 million, net income $13.3 million. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $144.0 million
Net income: $13.3 million
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue of $144.0 million, an increase of 28%.

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DoubleVerify Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-018569

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