DoubleVerify Holdings (DV) reported $155.89 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 16.6%. EPS of $0.04 for the same period compares to $0.07 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $153.62 million, representing a surprise of +1.48%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.04. While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Financial Data and Key Metrics Changes - Total revenue grew by 17% year-over-year to $156 million, achieving the high end of revenue guidance and significantly exceeding profitability and cash flow expectations [9][28][53] - Adjusted EBITDA reached $47 million, representing a 30% adjusted EBITDA margin, with net cash from operating activities growing to $36 million from $11 million in Q2 2023 [35][57] - Revenue less cost of sales reached 83%, exceeding expectations of 80% to 82% [31][76] Business Line Data and Key Metrics Changes - Activation revenue increased by 12% year-over-year, with ABS contributing 53% of activation revenue, which grew 7% year-over-year [28][74] - Measurement revenue increased by 22% year-over-year, driven by social media growth, with social revenue up 44% year-over-year [56][41] - Supply side revenue grew by 26% year-over-year, with retail media supply side solutions delivering over 50% revenue growth [3][23] Market Data and Key Metrics Changes - International measurement revenue increased by 29% year-over-year, representing 29% of total measurement revenue [3] - CTV measurement impression volumes grew by 55% year-over-year, indicating strong demand in the CTV market [20] - The company measured more video impressions than display impressions for the first time, highlighting a shift in advertising trends [10] Company Strategy and Development Direction - The company is focused on expanding its Verify Everywhere strategy, which aims to verify every digital ad impression across all channels and geographies [10][52] - There is a strong emphasis on leveraging AI and automation to enhance media quality and performance solutions [15][36] - The company aims to capitalize on the growing digital ad spend outside the U.S., which is growing at nearly double the rate of domestic growth [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing a strong enterprise deal pipeline and numerous RFPs won in the first half of the year [34][37] - The anticipated revenue growth for the second half of the year is expected to accelerate to 18%, driven by sustained social revenue growth and successful conversion of high-confidence pipeline opportunities [60][61] - Management noted that the impact of new clients and upselling opportunities will significantly contribute to revenue in 2025 and beyond [40][61] Other Important Information - The company repurchased 1.4 million shares for $25 million in Q2 and an additional 1.3 million shares for another $25 million after the quarter [58] - Capital expenditures were approximately $7 million, with total cash and short-term investments at $339 million [77][81] Q&A Session Summary Question: Can you talk about the level of adoption of brand safety and suitability within the Meta news feed? - Management reported good traction with over 30 new advertisers testing brand safety solutions on Meta, with significant revenue potential expected to scale in 2025 [64][65][66] Question: How much of the business from Moat is still up for grabs? - Management indicated that many discussions with former Moat clients were already in progress, and the exit of Moat has accelerated these discussions [84][148] Question: What is the growth rate for social activation? - Social activation grew about 30%, with prescreen solutions contributing significantly to this growth [88][89] Question: How has the competitive landscape changed with Moat's exit? - The exit of Moat has created opportunities for the company to attract former Moat clients, with ongoing RFPs and discussions with potential customers [148][149] Question: What is the outlook for CPG and retail customers? - Management confirmed that the performance of a cohort of six large retail and CPG advertisers has been in line with expectations, and no adjustments to guidance were made [150][151]

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ran ...

Q3 & FY 2024 Guidance | --- | --- | --- | --- | --- | --- | --- | --- | |------------------|-------|-----------------------------|-------------------------------|------------------|-------|---------------------------|-------------------------------| | Revenue \n$167 M | - | Q3 2024 Guidance \n$171 M | +17% | Revenue \n$667 M | - | FY 2024 Guidance \n$675 M | +17% | | | | Low-end High-end | year-over-year growth at the | | | Low-end High-end | year-over-year growth at the | | | | | midpoint | | | | midpoint ...

Delaware 82-2714562 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number) 462 Broadway New York, NY, 10013 (Address of Principal Executive Offices) (212) 631-2111 (Registrant's telephone number) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading symbol Name of Exchange on which registered Common Stock, par value $0.001 per share DV New York Stock Exchange Page DoubleVerify Holdings, Inc. Quarterly Report on Form 10-Q For th ...

DoubleVerify Reports Second Quarter 2024 Financial Results ● Expanded YouTube's brand safety and suitability measurement to include Performance Max and Demand Gen, offering comprehensive coverage of Google's high-performance solutions that optimize real-time performance for better conversions and budget efficiency. DoubleVerify will host a conference call and live webcast to discuss its second quarter 2024 financial results at 4:30 p.m. Eastern Time today, July 30, 2024. To access the conference call, dial ...

DoubleVerify Holdings (DV) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July ...

For investors seeking a slice of this growing pie, the challenge lies in identifying undervalued opportunities. While established giants like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Meta (NASDAQ:META) dominate the market, numerous smaller players are also carving out their niches. These companies are capitalizing on emerging trends and thus offering investors the potential for substantial returns. In this article, we'll explore three undervalued digital advertising stocks for your June 2024 portfolio. Sour ...

Key Points Shares of DoubleVerify Holdings Inc. NYSE: DV took a 39% plunge on its Q1 2024 earnings report. DoubleVerify is a leading media effectiveness platform that leverages artificial intelligence (AI) to verify ads, provide data analytics, and detect fraud. Just as cybersecurity companies manage identity verification, DoubleVerify manages digital advertising verification. The company has 50% of the top 1,000 advertisers as clients. These advertisers work with many high-profile companies, including Peps ...

The company didn't deliver with its inaugural set of quarterly figures for this year.One of the tech stocks more deeply in the red over the past few trading days was advertising technology specialist DoubleVerify Holdings (DV 0.32%). That's because it missed the average analyst estimate for profitability, reduced its guidance, and was socked with several price target cuts from prognosticators.Those factors were too great to overcome. According to data compiled by S&P Global Market Intelligence, DoubleVerify ...