DoubleVerify Q1 revenue $140.8M, +15% YoY; net income $7.2M; guides FY2024 revenue $663-675M (17% growth midpoint)

DoubleVerify Holdings, Inc.

2024-Q1 EPS reported $0.04 revenue$140,782,000

Revenue of $140.8M, up 15% YoY; net income of $7.2M vs $12.2M in prior year.
Activation revenue +13% to $79.3M; Measurement revenue +19% to $49.3M, driven by social (+51%) and international (+40%).
Adjusted EBITDA of $38.1M (27% margin); FY24 guidance: revenue $663-675M (17% growth midpoint), adj. EBITDA $199-211M (31% margin).
Business highlights: social measurement growth, CTV MTM up 45%, new logo wins (McAfee, Carlsberg, Perigo), MRC accreditation, FM Scam discovery.
Q2 2024 guidance: revenue $152-156M (15% YoY growth at midpoint), adj. EBITDA $41-45M (28% margin).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DoubleVerify Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $140.8 million, net income $7.2 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $140.8 million
Net income: $7.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

DoubleVerify Reports First Quarter 2024 Financial Results Increased Revenue by 15% Year-over-Year to $140.8 Million, Driven by Global Growth in Social and CTV Measurement Achieved Net Income of $7.2 Million and Adjusted EBITDA of $38.1 Million, representing a 27% Adjusted EBITDA margin

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Source: SEC EDGAR

accession 0001558370-24-007049

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