DoubleVerify Holdings, Inc. (DV) saw its stock price plummet 5.74% in pre-market trading on Friday following the release of its third-quarter 2025 financial results. The digital media measurement and analytics company reported mixed results, with revenue and earnings per share falling short of analyst expectations.

According to the earnings report, DoubleVerify's Q3 revenue came in at $188.621 million, slightly missing the IBES estimate of $190.4 million. The company's earnings per share (EPS) of $0.06 also fell short of the anticipated $0.09. Despite these misses, DoubleVerify did show some positive metrics, including a 27% year-over-year growth in supply-side revenue and an adjusted EBITDA of $65.9 million, which beat the estimate of $62.5 million.

The market reaction was further exacerbated by DoubleVerify's revised outlook for the full year 2025. The company now anticipates revenue growth of approximately 14%, which represents a lowered projection from previous guidance. This adjustment in expectations, coupled with the Q3 performance, appears to have dampened investor sentiment. However, it's worth noting that DoubleVerify raised its full-year 2025 adjusted EBITDA margin guidance to 33%, indicating improved operational efficiency despite the revenue challenges.