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DoubleVerify(DV) - 2023 Q4 - Annual Report
2024-02-28 21:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40349 DoubleVerify Holdings, Inc. (Exact name of Registrant as specified in its Charter) Delaware 82-2714562 (State ...
DoubleVerify Unmasks CTV Ad Fraud Scheme, CycloneBot
Businesswire· 2024-02-28 15:00
NEW YORK--(BUSINESS WIRE)--DoubleVerify (“DV”) (NYSE: DV), the industry’s leading media effectiveness platform that leverages AI to drive superior outcomes for global brands, today revealed the identification and mitigation of CycloneBot, one of the most extensive CTV ad fraud schemes ever uncovered. The malicious bot is capable of generating up to 250 million falsified ad requests and spoofing approximately 1.5 million devices daily, leading to an estimated monthly financial impact of up to $7.5 million ac ...
DoubleVerify(DV) - 2023 Q4 - Annual Results
2024-02-27 16:00
Exhibit 99.1 DoubleVerify Reports Fourth Quarter and Full Year 2023 Financial Results NEW YORK – February 28, 2024 – DoubleVerify ("DV") (NYSE: DV), one of the leading software platforms for digital media measurement, data and analytics, today announced financial results for the fourth quarter and full year ended December 31, 2023. Increased Fourth Quarter 2023 Revenue by 29% Year-over-Year to $172.2 Million Grew Fourth Quarter 2023 Social Measurement Revenue by 62% Year-over Year Achieved Fourth Quarter 20 ...
Unveiling DoubleVerify (DV) Q4 Outlook: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-02-23 15:21
Wall Street analysts expect DoubleVerify Holdings (DV) to post quarterly earnings of $0.13 per share in its upcoming report, which indicates a year-over-year increase of 30%. Revenues are expected to be $171.85 million, up 28.6% from the year-ago quarter.The current level reflects a downward revision of 8.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior ...
3 Stocks with Secret Growth Catalysts That Wall Street Overlooked
InvestorPlace· 2024-02-21 19:18
In stock investing, some gems shine brighter than others, yet often they remain hidden. These overlooked growth stocks are obscured from the limelight of Wall Street’s attention. While the market buzzes with discussions about popular stocks, there are quieter contenders with immense growth potential. Fundamentally, they are waiting to be unearthed by savvy investors. The article delves into the strategies of three such hidden champions.Beyond market speculation, these companies harbor secret catalysts prope ...
DoubleVerify Enhances Proprietary 'Made for Advertising' (MFA) Measurement & Protection Solution with Tiered Brand Suitability Categories
Businesswire· 2024-02-13 12:30
NEW YORK--(BUSINESS WIRE)--DoubleVerify (“DV”) (NYSE: DV), a leading software platform for digital media measurement, data and analytics, today announced the launch of new tiered brand suitability categories to address “Made For Advertising” (MFA) measurement and protection in a more nuanced and brand-specific way. Unlike ad fraud, MFA inventory is not inherently invalid, and many advertisers may opt to run ads across MFA sites. Marketers need tools to help determine whether specific MFA sites align with ...
180 Degree Capital Corp. Nominates Matthew F. McLaughlin for Election to the Board of comScore, Inc.
Newsfilter· 2024-01-29 14:00
MONTCLAIR, N.J., Jan. 29, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital" or "we") (NASDAQ:TURN), today announced that on January 25, 2024, it delivered a formal letter to comScore, Inc. ("SCOR" or the "Company") notifying it of its intention to nominate Matthew F. McLaughlin for election to the Company's board of directors (the "Board") at SCOR's 2024 annual meeting of stockholders (the "Annual Meeting"). 180 Degree Capital's nominee is: Matthew F. McLaughlin, 54, is a retired adver ...
DoubleVerify(DV) - 2023 Q3 - Earnings Call Transcript
2023-11-12 05:08
Financial Data and Key Metrics Changes - The company reported total revenue of $144 million in Q3 2023, representing a 28% year-over-year growth, up from 22% in Q2 2023 [46] - Adjusted EBITDA was $46 million with margins of 32%, and net income increased nearly 30% year-over-year to $13 million [54] - The company raised its full-year 2023 revenue guidance to a range of $570 million to $574 million, implying a year-over-year growth of 27% at the midpoint [58] Business Line Data and Key Metrics Changes - Advertiser revenue grew by 32%, with volumes (MTMs) increasing by 27% and fixed fees (MTFs) rising by 2% year-over-year [47] - Activation revenue, particularly from the ABS product, saw a 40% year-over-year increase, with ABS volumes up 32% [48] - Measurement revenue grew by 32%, driven by a 56% increase in social revenue, which comprised 45% of total Measurement revenue [49] Market Data and Key Metrics Changes - International Measurement revenue grew by 62%, contributing to 29% of Measurement revenue in Q3 2023, compared to 23% in Q3 2022 [49] - The company noted that TikTok's Q3 revenue nearly doubled compared to the same period last year, indicating strong growth in the short-form video segment [78] Company Strategy and Development Direction - The company is focused on expanding its product offerings and enhancing its measurement capabilities across key social platforms, particularly in short-form video [12][13] - The strategy includes a "land and expand" approach, winning new clients while increasing the usage of existing products among current clients [10][17] - The company aims to leverage its innovations, such as the MFA solution and Scibids AI, to attract new advertisers and enhance existing client relationships [36][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth, citing a stable macro environment and a strong pipeline of new and expansionary deals [16][42] - The company anticipates that the ongoing investments in AI and machine learning will support future growth while maintaining profitability [79] - Management highlighted the importance of brand safety and suitability in the current advertising landscape, particularly with the rise of generative AI content [100] Other Important Information - The company ended Q3 2023 with approximately $259 million in cash and no long-term debt, providing significant capacity for investment [55] - The company expects Q4 2023 revenue to be in the range of $170 million to $174 million, indicating a year-over-year growth of 29% at the midpoint [56] Q&A Session Summary Question: Insights on coverage and expansion strategy - Management emphasized the importance of both international expansion and deeper product adoption among existing clients, leveraging a broad range of solutions to attract new business [63][70] Question: Short-form video opportunity - Management expressed excitement about the growth potential in short-form video, noting significant revenue increases from platforms like TikTok and the upcoming brand safety solutions for Meta [75][78] Question: Programmatic advertising market health - Management indicated a stable outlook for Q4 and noted that their business model is insulated from fluctuations in CPMs due to a fixed fee structure [90][92] Question: Impact of generative AI on business - Management acknowledged the increase in questionable content due to generative AI, which has driven demand for their MFA tool among advertisers concerned about brand safety [99][100] Question: Competitive landscape and product differentiation - Management highlighted that product breadth and innovation are key differentiators in winning new business, rather than engaging in price wars [118][119]
DoubleVerify(DV) - 2023 Q3 - Earnings Call Presentation
2023-11-12 03:25
Financial Performance & Growth - Q3 2023 total revenue reached $144 million, a 28% year-over-year increase[58] - Adjusted EBITDA for Q3 2023 was $45.7 million, representing a 32% margin[57, 58] - The company anticipates Q4 2023 revenue between $170 million and $174 million, projecting a 29% year-over-year growth at the midpoint[67] - Full year 2023 revenue is guided between $570 million and $574 million, indicating a 27% year-over-year growth at the midpoint[67] - Advertiser revenue growth in Q3 2023 was 32%[60] Revenue Drivers - Social platforms contributed significantly to revenue growth, with a 61% increase in MTM (Media Transactions Measured)[38] - International revenue also saw substantial growth, increasing by 62%[38, 47] - Activation revenue accounted for $81.7 million in Q3 2023[39] - Measurement revenue reached $51.3 million in Q3 2023, a 32% year-over-year increase[39] - ABS (Authentic Brand Suitability) revenue grew by 40% year-over-year in Q3 2023[36] Business Composition - Advertiser revenue (Activation + Measurement) comprised 92% of total revenue[59] - Activation accounted for approximately 57% of total revenue[59] - Measurement contributed around 35% of total revenue[59] - Supply-side revenue represented about 8% of total revenue[59]
DoubleVerify(DV) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40349 DoubleVerify Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other ...