Adtech firm DoubleVerify raises annual revenue growth guidance
Overview
DoubleVerify Q2 2025 revenue grows 21% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 exceeds estimates, reaching $57.3 mln with 30% margin
Co raises full-year 2025 revenue growth guidance to ~15%
Outlook
DoubleVerify raises full-year 2025 revenue growth guidance to ~15%
Company reaffirms full-year 2025 adjusted EBITDA margin of 32%
DoubleVerify sees Q3 revenue between $188 mln and $192 mln
Company expects Q3 adjusted EBITDA between $60 mln and $64 mln
Result Drivers
EXISTING CUSTOMER EXPANSION - Growth driven by existing customers adopting more products and expanding into new geographies
NEW CUSTOMER ACQUISITIONS - Addition and scaling of new advertiser and supply-side customers contributed to revenue growth
SOCIAL AND CTV GROWTH - Significant traction in Social measurement and scaling of CTV transactions boosted revenue
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $189.02 mln | $180.40 mln (20 Analysts) |
Q2 Net Income | $8.76 mln | ||
Q2 Adjusted EBITDA | Beat | $57.30 mln | $53.10 mln (18 Analysts) |
Q2 Income From Operations | $13.55 mln | ||
Q2 Pretax Profit | $15.21 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for DoubleVerify Holdings Inc is $17.00, about 9.1% above its August 4 closing price of $15.45
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 36 three months ago
Press Release:
