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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | $188.62 mln | $190.40 mln (20 Analysts) |
Q3 EPS | $0.06 | ||
Q3 Net Income | $10.20 mln | ||
Q3 Adjusted EBITDA | Beat | $65.90 mln | $62.50 mln (18 Analysts) |
Q3 Income From Operations | $21.10 mln | ||
Q3 Pretax Profit | $20.54 mln |
*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.)