DoubleVerify Revenue Statistics (2024)

Company Overview

DoubleVerify is a company providing software solutions to advertisers and publishers for digital media measurement, data, and analytics. 

DoubleVerify – Funding Rounds

DoubleVerify IPO

DoubleVerify went public on April 21, 2021, at a $4.2 billion valuation. Under the stock symbol DV, DoubleVerify raised $360 million in its initial public offering. The company’s shares jumped 30% after trading began midday, opening at $35 compared to the IPO price of $27. 

• IPO Date: April 21, 2021
• Valuation at IPO: $4.2 billion
• Stock Symbol: NYSE: DV
• IPO Share Price: $27.00

DoubleVerify Revenue Statistics

• For the fourth quarter of 2023, DoubleVerify reported revenue of $172.2 million, up 29% year-over-year. (DoubleVerify)
• In the fourth quarter of 2023, DoubleVerify increased Total Advertiser revenue by 31% YoY primarily due to a 25% increase in Media Transactions Measured and a 5% increase in Measured Transaction Fee.
• For the full year 2023, DoubleVerify revenue was $572.5 million, up 27% year-over-year. Net income for the year was $71.5 million and adjusted EBITDA was $187.1 million.

• For Q1 2024, DoubleVerify expects to reach a revenue of $136 to $140 million, a YoY increase of 13% at the midpoint. For the full year 2024, the company expects revenue of $688 to $704 million, a year-over-year increase of 13% at the midpoint.
• In August 2023, DoubleVerify announced the acquisition of Scibids in a $125 million ash and equity deal with the possibility of additional consideration depending on specific performance measures.  
• In November 2021, DoubleVerify announced the acquisition of OpenSlate for $150 million.
• In August 2021, DoubleVerify acquired Berlin-based ad verification company Meetrics, for an undisclosed sum.
• In October 2020, DoubleVerify closed a funding round of $350 million, led by Tiger Global Management. 
• DoubleVerify now has over 1000 customers and partners around the world. 
• In 2020, DoubleVerify measured around 3.2 trillion media transactions.