NYSE$DV
DoubleVerify Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Revenue increased driven by double-digit growth across all revenue lines as advertisers and platforms expanded adoption. Net income and adjusted EBITDA were achieved, representing a 35% adjusted EBITDA margin.
DoubleVerify reported a strong third quarter in 2024, with an 18% year-over-year increase in revenue to $169.6 million. The company achieved a net income of $18.2 million and an adjusted EBITDA of $60.2 million, representing a 35% adjusted EBITDA margin. The company also announced a new authorization of $200.0 million for additional common stock repurchases.
- Total revenue increased by 18% year-over-year to $169.6 million.
- Activation revenue increased by 18% year-over-year to $96.8 million.
- Measurement revenue increased by 14% year-over-year to $58.5 million, with social measurement revenue up by 21%.
- Supply-side revenue increased by 30% year-over-year to $14.3 million.
Headline financials
Revenue & EPS history
DoubleVerify · Revenue · Quarterly
$170M
Revenue by segment
DoubleVerify · $133M total across 2 segments · Q3 2023
- Activation$81.7M+31.4%61.4%
- Measurement$51.3M+32.0%38.6%
Forward guidance
DoubleVerify anticipates Revenue and Adjusted EBITDA to be in the following ranges:
Tailwinds
- Fourth Quarter 2024 Revenue of $194 to $200 million, a year-over-year increase of 14% at the midpoint.
- Fourth Quarter 2024 Adjusted EBITDA of $73 to $79 million, representing a 39% margin at the midpoint.
- Full Year 2024 Revenue of $660 to $666 million, a year-over-year increase of 16% at the midpoint.
- Full Year 2024 Adjusted EBITDA of $218 to $224 million, representing a 33% margin at the midpoint.
- Confidence in DV’s long-term growth prospects demonstrated by a new $200 million authorization for further stock repurchases, bringing the total available for share repurchases to $275 million.
Headwinds
- Moderated brand spending during the U.S. election season.
- More gradual ramp in social measurement adoption.
- Potential risks and uncertainties related to DoubleVerify's solutions amid technological developments or evolving industry standards.
- Economic downturns and unstable market conditions.
- Potential fluctuations in revenues and results of operations in the future.
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 Q3 2024
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro