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, 2024 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 Delaware 82-2714562 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer ...

Exhibit 99.1 DoubleVerify Reports Third Quarter 2024 Financial Results Increased Revenue by 18% Year-over-Year to $169.6 Million, Driven by DoubleDigit Growth Across All Revenue Lines as Advertisers and Platforms Expand Adoption of DV's Solutions Achieved Net Income of $18.2 Million and Adjusted EBITDA of $60.2 Million, Representing a 35% Adjusted EBITDA margin Announced New Authorization of $200.0 Million for Additional Common Stock Repurchases NEW YORK – November 6, 2024 – DoubleVerify ("DV") (NYSE: DV), ...

Wall Street analysts expect DoubleVerify Holdings (DV) to post quarterly earnings of $0.07 per share in its upcoming report, which indicates a year-over-year decline of 12.5%. Revenues are expected to be $168.95 million, up 17.4% from the year-ago quarter.The current level reflects no revision 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 to a company's ...

LOS ANGELES, Oct. 24, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DoubleVerify Holdings, Inc. ("DoubleVerify" or "the Company") (NYSE: DV) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. DoubleVerify reported its quarterly financial results on May 7, 2024, ...

Tom Yeung here with your Sunday Digest. In 1885, the first modern roller coaster opened to the public. "Gravity Pleasure Road" was an instant success, generating $600 a day in revenues – roughly $20,000 in today's money. The Coney Island ride featured a lift hill that would pull a bench-like car up a slope, and then release it downhill to the delight of its thrill-seeking riders. Of course, roller-coaster rides are far less amusing when personal wealth is involved. This week, shares of Nvidia Corp. (NVDA) p ...

We Are Summary I am positive on DoubleVerify (NYSE:DV). My summarized thesis is that growth is going to see acceleration in the next few quarters, driven by a better macro backdrop, a larger scale advantage, and market share gains (from a large competitor existing in the market). Longer-term, I see a long growth runway as DV is well positioned to benefit from the digital advertising secular trends. Company overview DV is a software platform catered to advertisers. Its platform helps to measure the effective ...

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 ...