Revenue Jumps for DoubleVerify

Digital media measurement, data and analytics platform DoubleVerify has announced third quarter results, with revenue up 28% to $144.0m, and adjusted EBITDA of $45.7m.

Revenue from measurement activities was $51.3m, an increase of 32%, led by overseas expansion - EMEA revenue rising 75% and APAC 46%.

CEO Mark Zagorski (pictured) comments: 'We delivered an outstanding third quarter with business momentum far outpacing the industry and our competitors across all key geographies and digital media environments. We also completed the acquisition of Scibids, an AI powered optimization platform that will dynamically optimize DV & client data in programmatic activation applications, creating a highly differentiated product offering... Rapid, AI-driven product innovation and unparalleled global coverage across Social, Programmatic, CTV and Retail Media environments have made DV the end-to-end platform for reducing media waste and maximizing campaign effectiveness with advertisers continuing to turn to DV solutions to optimize their media investment while protecting their brand equity'.

For the full year, the company is forecasting revenue of $570m to $574m, and adjusted EBITDA in the range of $179m to $183m.

The company is online at www.doubleverify.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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