DoubleVerify Holdings (DV) Company Report

DoubleVerify (DV) reported 2025 as a year of transition and evolution, marked by the launch of the Advantage Platform to expand beyond verification into optimization and performance measurement.
The company also expanded its core verification into new areas, including social, CTV, and AI advertising, introducing products such as Meta PreScreen, Authentic Advantage, Verified Streaming TV, and AI verification tools.
DV updated its full-year 2025 revenue guidance to 14% growth, exceeding initial expectations of at least 10%, driven by a strong recurring client base and positive uptake of new products.
For 2026, DV anticipates a foundational baseline growth rate of 10%, supported by a net revenue retention of 112% from existing clients and products, with additional growth expected from new product introductions and upselling.
Key new products like Authentic Advantage (launched for YouTube) secured an $8 million ACV deal in its first few weeks and is projected to contribute $100 million-$150 million over the next three to four years. The Meta pre-bid/pre-screen product is also growing, expected to reach $7 million ACV by year-end 2025 and potentially match the $40 million annual measurement business.

Nov 18, 2025, 2:20 PM

Transcript

DoubleVerify Discusses 2025 Achievements and 2026 Growth Outlook

Guidance Update

Product Launch

Revenue Acceleration/Inflection

DoubleVerify exceeded its initial 2025 revenue growth expectations, guiding to 14% for the full year, up from an initial 10%, driven by strong recurring base spending and positive uptake of new products.
For 2026, the company anticipates a 10% foundational baseline revenue growth rate, primarily driven by its net revenue retention of 112% and a product-led growth strategy with several new product launches.
Key product launches in 2025 include the AdVantage Platform for optimization and performance measurement, and expansion into social, CTV, and AI advertising with products like Meta PreScreen and Authentic AdVantage.
Authentic AdVantage, launched for YouTube, secured an $8 million ACV deal in its first few weeks and is projected to generate $100 million to $150 million over the next three to four years, potentially becoming as large as the $200 million+ ABS product.
The company's investment strategy leverages AI to enhance efficiency, allowing for four times more productivity per labeling engagement and thousands of times more speed, contributing to an 80%+ gross margin and over 30% EBITDA margins.

Nov 18, 2025, 2:20 PM

Transcript

DoubleVerify Exceeds 2025 Revenue Guidance and Focuses on Product-Led Growth in New Segments

Guidance Update

Product Launch

New Projects/Investments

DoubleVerify exceeded its initial 10% revenue growth guidance for 2025, now expecting 14%, and anticipates a foundational 10% growth rate for 2026 driven by new products and a strong recurring revenue base.
The company is strategically expanding its core verification services into new high-growth areas such as social, CTV, and AI advertising, with a goal to increase revenue contribution from these segments from under 30% to over 50% in the medium term.
New product launches, including the DV Authentic Advantage for YouTube, are showing strong initial results, with tests demonstrating 25-35% decreases in CPMs and 30-50% increases in reach, and are projected to generate $100 million-$150 million over the next three to four years.
DoubleVerify is leveraging AI to enhance operational efficiency and speed in content analysis, while also creating new product opportunities in AI verification and engaging with advertising agents.

Nov 18, 2025, 2:20 PM

Transcript

DoubleVerify Reports Q3 2025 Results

Earnings

Guidance Update

DoubleVerify Holdings, Inc. reported Q3 2025 revenue of approximately $188.6 million, representing 11% growth.
Despite revenue growth, net income declined 44% to $10.2 million, and diluted earnings per share fell to $0.06 from $0.10 a year earlier.
The company's adjusted EBITDA margin improved to 35%, though the operating margin declined to 11.2% in Q3 2025 from 15.2% a year earlier.
DoubleVerify's Q4 revenue guidance of $209 million fell slightly below analyst expectations, while EBITDA guidance exceeded estimates.

Nov 8, 2025, 2:30 AM

Morningstar

DV Reports Strong Q3 2025 Financial Results

Earnings

Revenue Acceleration/Inflection

Product Launch

DV reported total revenue of $189 million for Q3 2025, marking 11% year-over-year growth.
The company achieved an Adjusted EBITDA of $66 million with a 35% margin in Q3 2025, and generated $51 million in net operating cash.
Revenue growth was observed across all three business lines, with Activation growing +10%, Measurement +9%, and Supply-Side +27% year-over-year.
DV is focused on innovation and diversification, with +30% Y/Y Growth in CTV measurement volume and double-digit growth in programmatically purchased video and display impressions in Q3 2025.
The number of large advertisers, defined as those generating over $200,000 annually, increased by 11% to 347.

Nov 7, 2025, 1:00 PM

Presentation

DoubleVerify Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EBITDA Margin Guidance

Earnings

Guidance Update

Product Launch

DoubleVerify reported Q3 2025 total revenue of $188.6 million, an 11% year-over-year increase, and Adjusted EBITDA of $65.9 million, representing a 35% adjusted EBITDA margin.
The company raised its full-year 2025 Adjusted EBITDA margin guidance to approximately 33%.
For Q4 2025, DoubleVerify anticipates revenue between $207 million and $211 million and Adjusted EBITDA between $77 million and $81 million.
Key product innovations include the launch of DV AI Verification, DV Authentic Advantage for social media, and Verified Streaming TV solutions.

Nov 7, 2025, 12:35 PM

8-K

One Equity Partners Acquires Majority Stake in Digital Value

M&A

New Projects/Investments

One Equity Partners has agreed to acquire a majority stake in Digital Value S.p.A., an Italian technology solutions-focused Value-Added Reseller listed on the Euronext Milan Stock Exchange.
Digital Value, headquartered in Rome, provides Big Data, AI, cloud computing solutions, and workplace digitalization services, reporting consolidated revenues of €815.8 million and employing 680 people.
One Equity Partners plans to support Digital Value's growth through transformative combinations with complementary businesses and by building out the company's managed services and cloud solutions.

Oct 21, 2025, 11:00 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for DoubleVerify Holdings.

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