Compared to Estimates, DoubleVerify (DV) Q3 Earnings: A Look at Key Metrics

Core Insights - DoubleVerify Holdings (DV) reported revenue of $169.56 million for the quarter ended September 2024, reflecting a year-over-year increase of 17.8% [1] - The earnings per share (EPS) for the quarter was $0.10, up from $0.08 in the same quarter last year, indicating a positive trend in profitability [1] - The reported revenue exceeded the Zacks Consensus Estimate of $168.93 million by 0.37%, while the EPS surpassed the consensus estimate of $0.07 by 42.86% [1] Revenue Breakdown - Revenue from Measurement customers was $58.47 million, which is 14.1% higher year-over-year but below the average estimate of $61.26 million [3] - Revenue from Supply-side customers reached $14.30 million, representing a significant year-over-year increase of 29.8%, exceeding the average estimate of $13.85 million [3] - Revenue from Activation customers was $96.79 million, up 18.5% year-over-year, also surpassing the average estimate of $93.91 million [3] Stock Performance - Over the past month, shares of DoubleVerify have returned +9.2%, outperforming the Zacks S&P 500 composite, which saw a change of +0.7% [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]