DoubleVerify(US:DV)2023-11-12 03:25Financial 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]