DoubleVerify Holdings Inc · Q2 2021 earnings

Briefing

DoubleVerify experienced revenue growth driven by programmatic, CTV, Social and International revenue.

DoubleVerify announced strong Q2 2021 financial results, with a 44% increase in total revenue year-over-year to $76.5 million. The growth was fueled by record programmatic revenue, driven by the adoption of their Authentic Brand Safety solution. The company also raised its full-year 2021 revenue outlook.

• Total revenue increased 44% year-over-year to $76.5 million.
• Advertiser Direct revenue increased 34% year-over-year to $31.7 million.
• Advertiser Programmatic revenue increased 57% year-over-year to $37.9 million.
• Adjusted EBITDA increased 35% year-over-year to $21.2 million.

Headline financials

Revenue & EPS history

DoubleVerify anticipates for the third quarter 2021, Revenue of $81 to $83 million, a year-over-year increase of 34% at the midpoint and Adjusted EBITDA in the range of $22 to $24 million, a year-over-year improvement of 59% at the midpoint. For the full year 2021, Revenue of $325 to $330 million, a year-over-year increase of 34% at the midpoint and Adjusted EBITDA in the range of $103 to $105 million, a year-over-year increase of 42% at the midpoint.