NYSE$DV
DoubleVerify Holdings Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported record revenue driven by global growth and raising full-year guidance.
DoubleVerify reported a strong second quarter with revenue increasing by 43% year-over-year to $109.8 million, driven by growth in pre-campaign activation across programmatic, social, and CTV. The company achieved a net income of $10.3 million and an adjusted EBITDA of $34.0 million.
- Total revenue increased by 43% year-over-year to $109.8 million.
- Activation revenue increased by 60% year-over-year to $60.5 million.
- Measurement revenue increased by 23% year-over-year to $38.9 million.
- Achieved net income of $10.3 million and adjusted EBITDA of $34.0 million.
Headline financials
Revenue & EPS history
DoubleVerify · Revenue · Quarterly
$110M
Revenue by segment
DoubleVerify · $99.4M total across 2 segments · Q2 2022
- Activation$60.5M—60.9%
- Measurement$38.9M—39.1%
Forward guidance
DoubleVerify anticipates for full year 2022 revenue of $448 to $450 million, a year-over-year increase of 35% at the midpoint, and adjusted EBITDA in the range of $136 to $140 million, representing a 31% margin at the midpoint.
Tailwinds
- Revenue of $108 to $110 million for Q3 2022.
- Adjusted EBITDA in the range of $32 to $34 million for Q3 2022.
- Revenue of $448 to $450 million for full year 2022.
- Adjusted EBITDA in the range of $136 to $140 million for full year 2022.
- Expect 35% revenue growth and 31% adjusted EBITDA margins.
Headwinds
- The company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income.
- The company does not provide guidance for stock-based compensation expense.
- The company does not provide guidance for depreciation and amortization expense.
- The company does not provide guidance for acquisition-related costs.
- The company does not provide guidance for interest income, and income taxes.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-2.5%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+2.0%
Avg return
30 days after
60%
15 / 25 earnings
Positive
+10.4%
Q4 2025
Best reaction
-39.5%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -9.1% | -10.6% | |
| Q4 2025 | +10.4% | +8.5% | -2.3% | |
| Q3 2025 | -14.4% | -4.3% | +0.5% | |
| Q1 2025 | -5.4% | +5.7% | +4.7% | |
| Q4 2024 | -36.0% | -32.0% | -38.6% | |
| Q3 2024 | +7.3% | +9.6% | +12.5% | |
| Q2 2024 | +3.8% | +0.1% | -2.8% | |
| Q1 2024 | -39.5% | -39.1% | -39.4% | |
| Q4 2023 | -25.7% | -25.8% | -15.4% | |
| Q3 2023 | +4.0% | +6.8% | +13.5% | |
| Q2 2023 | -13.5% | -19.5% | -18.6% | |
| Q1 2023 | +9.9% | +4.9% | +33.6% | |
| Q4 2022 | +3.8% | +1.8% | +14.8% | |
| Q3 2022 | +4.3% | +11.6% | +5.5% | |
| Q2 2022 | +9.2% | +15.1% | +12.5% | |
| Q1 2022 | -2.9% | +15.4% | +18.8% | |
| Q4 2019 | +0.1% | -13.0% | +3.7% | |
| Q4 2021 | +0.1% | +7.4% | -2.0% | |
| Q3 2020 | +3.6% | +3.4% | -6.5% | |
| Q3 2021 | +3.6% | +3.4% | -6.5% | |
| Q2 2020 | -0.6% | -0.1% | -3.5% | |
| Q2 2021 | -0.6% | -0.1% | -3.5% | |
| Q1 2020 | +5.5% | +6.0% | +25.1% | |
| Q1 2021 | +6.3% | +11.8% | +27.1% | |
| Q4 2020 | +5.5% | +11.8% | +27.1% | |
| Q3 2019 | — | — | — |
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