DoubleVerify (NYSE:DV) Q3 2025 Earnings Call November 07, 2025 08:00 AM ET Speaker2Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today. At this time, I would like to welcome everyone to the DoubleVerify Q3 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After this speech is remarked, there will be a question-and-answer session. If you would like to ask a question during this time, simply press st ...

Q3 2025 Performance Highlights - Revenue grew by 11% year-over-year, reaching $189 million[7, 41] - Adjusted EBITDA margin was 35%[7, 43] - Net cash from operating activities was $51 million[7, 42] - Social in Activation grew 20% year-over-year[16] Growth Drivers - Social Measurement increased, with Q3 2025 revenue reaching $18 million compared to $14 million in Q3 2024[45] - Activation revenue grew by 10% year-over-year[45] - Measurement revenue grew by 9% year-over-year[45] - Supply-Side revenue grew by 27% year-over-year[45] - CTV measurement volume grew 30% year-over-year[18] Strategic Initiatives - The company purchased 33 million shares for $50 million in Q3 2025, and a total of 84 million shares for $132 million year-to-date[54] - The company has $210 million more GAAP R&D investment than its nearest competitor (2023–YTD 2025)[33] Future Outlook - Q4 2025 revenue is projected to be between $207 million and $211 million, representing 10% year-over-year growth at the midpoint[59] - Q4 2025 adjusted EBITDA is projected to be between $77 million and $81 million, with a 38% margin at the midpoint[59] - Full year 2025 revenue is projected to be between $750 million and $754 million, representing 14% year-over-year growth at the midpoint[59] - Full year 2025 adjusted EBITDA is projected to be between $245 million and $249 million, with a 33% margin at the midpoint[59]