Overview

• DoubleVerify Q3 revenue grows 11% yr/yr, slightly missing analyst expectations

• Adjusted EBITDA for Q3 beats estimates, reflecting strong operational efficiency

• Company repurchased 3.3 mln shares for $50.1 mln in Q3

Outlook

• DoubleVerify expects Q4 2025 revenue between $207 mln and $211 mln

• Company raises full-year 2025 adjusted EBITDA margin guidance to 33%

• DoubleVerify anticipates full-year 2025 revenue growth of approximately 14%

Result Drivers

• SUPPLY-SIDE REVENUE - Co's supply-side revenue grew 27% yr/yr, driven by new platform and publisher partnerships

• AI PRODUCTS - Launch of DV AI Verification and DV Authentic Advantage contributed to growth by enhancing transparency and performance for advertisers

• SOCIAL AND CTV EXPANSION - New solutions in social media and CTV gained traction, driving demand from global brands

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $18.00, about 39.1% above its November 6 closing price of $10.97

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release: ID:nBw1KBFs4a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)