NEW YORK, June 12, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of DoubleVerify Holdings, Inc. (NYSE: DV).Shareholders who purchased shares of DV during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/doubleverify-holdings-inc-loss-submission-form-2/?id=152577&from=4CLASS PERIOD: Nov ...

Core Viewpoint - The article discusses a class action lawsuit against DoubleVerify Holdings, Inc. for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and failure to disclose critical business challenges faced by the company during a specified class period [1][3]. Company Allegations - The lawsuit alleges that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited, impacting its competitive position [3]. - It is claimed that the development of technology for closed platforms was more expensive and time-consuming than disclosed, limiting the monetization of DoubleVerify's Activation Services [3]. - The lawsuit states that competitors were better positioned to incorporate AI into their offerings, adversely affecting DoubleVerify's profits and competitive ability [3]. - Allegations include systematic overbilling of customers for ad impressions served to declared bots, and misleading risk disclosures that characterized adverse facts as mere possibilities [3]. Financial Impact - On February 28, 2024, DoubleVerify issued lower revenue growth expectations for Q1 2024, leading to a stock price drop of over 21% [4]. - On May 7, 2024, the company cut its full-year 2024 revenue outlook due to reduced customer ad spending, resulting in a nearly 39% decline in stock price [5]. - On February 27, 2025, DoubleVerify reported lower-than-expected Q4 2024 sales and earnings, with a stock price drop of more than 36% following the announcement [6]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased DoubleVerify common stock during the class period to seek appointment as lead plaintiff in the lawsuit [7]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [7]. About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8][9].

Summary of DoubleVerify (DV) 2025 Update / Briefing Company Overview - **Company**: DoubleVerify (DV) - **Industry**: Digital Advertising and Media Verification Key Points and Arguments 1. **Forward-Looking Statements**: The briefing includes several forward-looking statements regarding DV's strategic vision and financial outlook [1][3] 2. **CEO's Vision**: CEO Mark Zagorski emphasized the need for clarity and transparency in the increasingly complex digital advertising landscape, stating that DV aims to provide tools that help advertisers navigate this complexity [11][12] 3. **Financial Performance**: DV reported a 15% growth in the previous year and a 17% growth in Q1, with guidance for Q2 set at a midpoint of 17%, maintaining a "Rule of 40+" since its IPO [13][14] 4. **Product Launches**: DV introduced the Media Advantage Platform (MAP), which integrates verification, optimization, and outcomes to address the challenges faced by advertisers [20][22] 5. **Market Opportunity**: The Total Addressable Market (TAM) for DV has expanded from $21 billion in core verification to over $27 billion when including optimization and outcomes solutions [32][33] 6. **Customer Relationships**: DV has established strong relationships with major brands, including Kenview (formerly Johnson & Johnson), highlighting the importance of trust and transparency in their partnerships [43][67] 7. **Complexity in Advertising**: The digital advertising landscape is described as fragmented, with over 60% of advertising teams using six to fifteen tools to manage campaigns, leading to a lack of clarity and increased pressure to prove ROI [25][26][27] 8. **AI Integration**: DV has doubled its AI-powered implementations, enhancing project development cycles and improving operational efficiency [15][17] 9. **Performance Metrics**: The company aims to provide advertisers with real-time insights into campaign performance, emphasizing the importance of quality media for both short-term ROI and long-term brand equity [52][54] Additional Important Content 1. **Challenges for Advertisers**: Advertisers face increasing pressure to deliver results while managing a complex media landscape, with many relying on multiple tools that do not communicate effectively [24][26][28] 2. **Trust Issues**: A survey indicated that 59% of advertising decision-makers have lost trust in social media, highlighting the need for independent verification and transparency [27] 3. **Integration of Solutions**: DV's MAP aims to unify various advertising solutions, allowing for better optimization and measurement across different platforms, including social media [75][78] 4. **Client Success Stories**: The briefing included testimonials from clients like TikTok, emphasizing the need for integrated measurement and the importance of creative quality in advertising [88][90] 5. **Future Directions**: DV plans to expand its offerings into new channels, including retail media and ad-supported AI, to capture more market share and drive growth [40][41][39] This summary encapsulates the key insights and strategic directions discussed during the DoubleVerify briefing, highlighting the company's commitment to addressing the complexities of digital advertising through innovative solutions and strong client partnerships.

[Q1 2025 Earnings Release Overview](index=1&type=section&id=Q1%202025%20Earnings%20Release%20Overview) [Financial & Business Highlights](index=1&type=section&id=Financial%20%26%20Business%20Highlights) The company reported strong Q1 2025 results with 17% revenue growth, driven by key client wins and product expansions Q1 2025 Financial Summary | Metric | Q1 2025 | YoY Change | | :--- | :--- | :--- | | Total Revenue | $165.1M | +17% | | Activation Revenue | $95.2M | +20% | | Measurement Revenue | $53.4M | +8% | | Supply-Side Revenue | $16.5M | +35% | | Net Income | $2.4M | -67% | | Adjusted EBITDA | $44.7M | +17% | | Adjusted EBITDA Margin | 27% | Flat | - The company achieved a **Gross Revenue Retention rate of over 95%** and secured new enterprise customers including Natura/Avon, Valvoline, and INEOS Grenadier, while expanding its relationship with Nike[6](index=6&type=chunk) - Significant product expansions were launched, including a brand safety solution for Google's Search Partner Network, viewability measurement on Instagram Reels, a Video Exclusion List on TikTok, and 3D in-experience measurement on Roblox[6](index=6&type=chunk) - Under its share repurchase programs, the company repurchased **5.2 million shares for $82.2 million** in Q1 2025, with **$140.0 million remaining** available under the new $200.0 million program[6](index=6&type=chunk) [Strategic Investments & Corporate Events](index=3&type=section&id=Strategic%20Investments%20%26%20Corporate%20Events) The company acquired performance attribution firm Rockerbox for $82.6 million and announced an upcoming investor Innovation Day - On March 13, 2025, DoubleVerify acquired Rockerbox, Inc. for **$82.6 million**, net of cash acquired, to specialize in performance attribution, optimization, and marketing measurement[10](index=10&type=chunk) - An Innovation Day for investors will be held on Wednesday, June 11, at the New York Stock Exchange to showcase the company's strategy and products[10](index=10&type=chunk) [Financial Guidance](index=3&type=section&id=Financial%20Guidance) The company provided Q2 and full-year 2025 guidance, projecting approximately 10% annual revenue growth and a 32% Adjusted EBITDA margin 2025 Outlook | Guidance | Q2 2025 (Midpoint) | Full Year 2025 | | :--- | :--- | :--- | | Revenue | $171M (+10% YoY) | ~10% Growth | | Adjusted EBITDA | $50M | - | | Adjusted EBITDA Margin | 29% | ~32% | [Financial Statements (Unaudited)](index=6&type=section&id=Financial%20Statements%20(Unaudited)) [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased slightly to $1.25 billion, with cash reduced by the Rockerbox acquisition and share repurchases Balance Sheet Summary | (in thousands) | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $156,360 | $292,820 | | Total assets | $1,248,995 | $1,276,210 | | Total liabilities | $216,562 | $192,751 | | Total stockholders' equity | $1,032,433 | $1,083,459 | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Revenue grew 17% year-over-year, but net income declined significantly to $2.4 million due to higher operating and tax expenses Statement of Operations Summary | (in thousands, except per share) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenue | $165,061 | $140,782 | | Income from operations | $6,763 | $6,895 | | Net income | $2,361 | $7,156 | | Diluted EPS | $0.01 | $0.04 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) A net cash decrease of $136.4 million resulted from significant cash outflows for investing and financing activities Cash Flow Summary | (in thousands) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $37,663 | $31,774 | | Net cash used in investing activities | ($89,864) | ($38,604) | | Net cash used in financing activities | ($85,753) | ($912) | | Net decrease in cash | ($136,428) | ($8,119) | [Supplemental Financial Information](index=11&type=section&id=Supplemental%20Financial%20Information) [Revenue Breakdown](index=11&type=section&id=Revenue%20Breakdown) Total revenue growth was fueled by strong performance in the Supply-side (35%) and Activation (20%) segments Revenue by Customer Type | Revenue by Customer Type (in thousands) | Q1 2025 | Q1 2024 | Change $ | Change % | | :--- | :--- | :--- | :--- | :--- | | Activation | $95,172 | $79,322 | $15,850 | 20% | | Measurement | $53,430 | $49,275 | $4,155 | 8% | | Supply-side | $16,459 | $12,185 | $4,274 | 35% | | **Total revenue** | **$165,061** | **$140,782** | **$24,279** | **17%** | [Reconciliation of Net Income to Adjusted EBITDA](index=11&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20EBITDA) Adjusted EBITDA rose to $44.7 million with a stable 27% margin, reconciled from a GAAP Net Income of $2.4 million Adjusted EBITDA Reconciliation | Reconciliation (in thousands) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $2,361 | $7,156 | | Depreciation and amortization | $12,387 | $10,928 | | Stock-based compensation | $24,342 | $20,241 | | Income tax expense | $7,161 | $1,779 | | M&A and restructuring costs | $1,162 | $11 | | **Adjusted EBITDA** | **$44,654** | **$38,133** | | **Adjusted EBITDA margin** | **27%** | **27%** | [Definitions and Disclosures](index=5&type=section&id=Definitions%20and%20Disclosures) [Key Business Terms](index=5&type=section&id=Key%20Business%20Terms) This section defines key operational metrics such as revenue types, retention rate, and media transaction volume - **Activation revenue:** Generated from verification of ads purchased through programmatic and social media platforms[14](index=14&type=chunk) - **Measurement revenue:** Generated from verification of ads purchased directly on digital media properties[14](index=14&type=chunk) - **Supply-Side revenue:** Generated from platforms and publishers using DV's data analytics for their ad inventory[15](index=15&type=chunk) - **Media Transactions Measured (MTM):** The volume of media transactions measured by DV's platform[16](index=16&type=chunk) [Forward-Looking Statements](index=13&type=section&id=Forward-Looking%20Statements) This section contains a standard legal disclaimer cautioning that forward-looking statements are not guarantees of future performance - The company cautions that forward-looking statements, including financial guidance, are subject to known and unknown risks and are not a guarantee of future events, as actual results may differ materially[30](index=30&type=chunk) - Investors are directed to the company's Annual Report on Form 10-K for a more detailed discussion of risk factors[31](index=31&type=chunk)

Core Viewpoint - A class action securities lawsuit has been filed against DoubleVerify Holdings, Inc. alleging securities fraud that negatively impacted investors between November 10, 2023, and February 27, 2025 [1][2]. Group 1: Allegations of the Lawsuit - The lawsuit claims that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, limiting the company's technological capabilities and increasing competition from platforms like Meta and Amazon [2]. - It is alleged that the monetization of DoubleVerify's Activation Services was hindered due to the high costs and time required for technology development for closed platforms [2]. - The complaint states that it would take several years for DoubleVerify's Activation Services related to certain closed platforms to become profitable [2]. - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, which negatively affected DoubleVerify's competitive stance and profitability [2]. - The company is accused of systematically overbilling customers for ad impressions served to bots operating from known data centers [2]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [2]. Group 2: Next Steps for Affected Investors - Investors who suffered losses in DoubleVerify Holdings, Inc. during the specified timeframe have until July 21, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive experience in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of DoubleVerify Holdings, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought DoubleVerify common stock between November 10, 2023, and February 27, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by July 21, 2025 [3]. Group 2: Reasons for the Lawsuit - The lawsuit alleges that DoubleVerify made false and misleading statements regarding its business operations, including the shift of customers' ad spending to closed platforms where DoubleVerify's capabilities were limited [5]. - It is claimed that the company overbilled customers for ad impressions served to declared bots and that its risk disclosures were materially false and misleading [5]. - The lawsuit asserts that the defendants' positive statements about DoubleVerify's business lacked a reasonable basis, leading to investor damages when the true details emerged [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DoubleVerify Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from November 10, 2023, to February 27, 2025 [1][3]. Allegations - The complaint alleges that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited, impacting its competitive position against platforms like Meta and Amazon [3]. - It is claimed that DoubleVerify's ability to monetize its Activation Services was constrained due to the high costs and time required for technology development for closed platforms, which were not adequately disclosed to investors [3]. - The lawsuit states that monetization of DoubleVerify's Activation Services on certain closed platforms would take several years, contrary to what was communicated to shareholders [3]. - Competitors of DoubleVerify were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively affecting DoubleVerify's competitiveness and profitability [3]. - The company allegedly overbilled customers for ad impressions served to bots operating from known data centers, raising concerns about its billing practices [3]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, as they downplayed adverse facts that had already occurred [3]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [3]. Next Steps for Shareholders - Shareholders who purchased shares of DoubleVerify during the specified class period are encouraged to register for the class action by July 21, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4].

Core Viewpoint - The article discusses a class action lawsuit against DoubleVerify Holdings, Inc. for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and failure to disclose critical business challenges during the class period from November 10, 2023, to February 27, 2025 [1][3]. Company Allegations - The lawsuit alleges that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where DoubleVerify's capabilities were limited, impacting its competitive position [3]. - It is claimed that the development of technology for closed platforms was more expensive and time-consuming than disclosed, limiting DoubleVerify's ability to monetize its Activation Services [3]. - Competitors were reportedly better positioned to incorporate AI into their offerings, adversely affecting DoubleVerify's profits [3]. - The company allegedly overbilled customers for ad impressions served to declared bots, and its risk disclosures were misleading [3]. Financial Impact - On February 28, 2024, DoubleVerify issued lower revenue growth expectations for Q1 2024, leading to a stock price drop of over 21% [4]. - On May 7, 2024, the company cut its full-year 2024 revenue outlook due to reduced ad spending, resulting in a nearly 39% decline in stock price [5]. - On February 27, 2025, DoubleVerify reported lower-than-expected Q4 2024 sales and earnings, with a stock price drop of more than 36% following the announcement [6]. Legal Process - Investors who purchased DoubleVerify common stock during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7]. - The lead plaintiff can select a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [7]. About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8]. - The firm has a strong track record, being ranked 1 in securing monetary relief for investors in securities class action cases [8].

Core Viewpoint - The article discusses a class action lawsuit against DoubleVerify Holdings, Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on misleading statements and the impact on the company's stock price during the class period from November 10, 2023, to February 27, 2025 [1][3]. Company Allegations - The lawsuit alleges that DoubleVerify misled investors by failing to disclose that customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's capabilities were limited [3]. - It is claimed that the development of technology for closed platforms was more expensive and time-consuming than disclosed, affecting the monetization of DoubleVerify's Activation Services [3]. - The lawsuit states that competitors were better positioned to incorporate AI into their offerings, impairing DoubleVerify's competitive edge and profits [3]. - Allegations include systematic overbilling of customers for ad impressions served to declared bots [3]. - The risk disclosures provided by DoubleVerify were characterized as materially false and misleading [3]. Stock Price Impact - Following a February 28, 2024 announcement of lower revenue growth expectations, DoubleVerify's stock price fell over 21% [4]. - On May 7, 2024, after cutting its full-year 2024 revenue outlook, the stock price dropped nearly 39% [5]. - A February 27, 2025 report of lower-than-expected fourth quarter 2024 sales and earnings led to a more than 36% decline in stock price [6]. Legal Process - Investors who purchased DoubleVerify common stock during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7].

Core Viewpoint - A class action lawsuit has been filed against DoubleVerify Holdings, Inc. for alleged securities fraud and unlawful business practices [2][3]. Company Performance - On February 28, 2024, DoubleVerify lowered its revenue growth expectations for Q1 2024, leading to a stock price drop of $8.35 per share, or 21.3%, closing at $30.89 on February 29, 2024 [3]. - On May 7, 2024, the company cut its full-year 2024 revenue outlook due to reduced ad spending from customers, resulting in a stock price decline of $11.79 per share, or 38.6%, closing at $18.78 on May 8, 2024 [4]. - On February 27, 2025, DoubleVerify reported lower-than-expected Q4 2024 sales and earnings, with a stock price drop of approximately 36%, closing at $13.90 on February 28, 2025 [5]. Market Research Findings - On March 28, 2025, Adalytics Research, LLC released a report claiming that DoubleVerify's advertisement verification services are ineffective, stating that customers are billed for ad impressions served to bots [6]. - The Wall Street Journal reported that DoubleVerify frequently fails to detect nonhuman traffic, contradicting the company's claims of helping brands avoid serving ads to bot accounts [6].