Jordan Bevan
Company Overview
DoubleVerify is a company providing software solutions to advertisers and publishers for digital media measurement, data, and analytics.
| Founders | Oren Netzer, Alex Liverant |
| Founded Date | 2008 |
| Headquarter | New York, United States |
| Crunchbase Profile | Profile Link |
| Website |
DoubleVerify – Funding Rounds
| Date | Transaction | Funding Amount |
| October 28, 2020 | Private Equity Round | $350 million |
| October 1, 2020 | Debt Financing | $150 million |
| August 30, 2011 | Private Equity Round | $33 million |
| July 25, 2011 | Debt Financing | $3 million |
| March 8, 2010 | Series B | $10 million |
| May 18, 2009 | Series A | $3.5 million |
Source: Crunchbase
DoubleVerify IPO
DoubleVerify went public on April 21 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
- In the second quarter of 2021, DoubleVerify reported a revenue of $76.5 million, up 44% year-over-year. (DoubleVerify)
| Date | Revenue |
| Q2 2021 | $76.5 million |
| Q1 2021 | $67.59 million |
| 2020 | $244 million |
| 2019 | $183 million |
| 2018 | $104 million |
| 2017 | $75 million (expected) |
Sources: AdExchanger, CNBC
- For the second quarter of 2021, DoubleVerify reported an Advertiser Direct revenue of $31.7 million, up 34% YoY. Reported Advertiser Programmatic Revenue for the same period was $37.9 billion, an increase of 57%.
- For Q2 2021, DoubleVerify reported a net loss of $12.6 million due to $18.9 million of one-time IPO transaction costs, and a decrease in diluted earnings per share to $(0.08).
- DoubleVerify adjusted EBITDA for Q2 2021 was $21.2 million, up 35% year-over-year.
- In October 2020, DoubleVerify closed a funding round of $350 million, led by Tiger Global Management.
- DoubleVerify reported an 89% growth in CTV, now accounting for 30% of revenue in its direct-side video biz.
- For the third quarter of 2021, DoubleVerify expects to reach a total revenue of $81 to $83 million, with a YoY increase of 34%.
- For the full year 2021, DoubleVerify expects to reach a revenue of $325 to $330 million, a year-over-year increase of 34% at the midpoint, higher than the previous guidance range of $322 to $326 million provided on May 25, 2021.
- DoubleVerify now has over 1000 customers and partners around the world.
- In 2020, DoubleVerify measured around 3.2 trillion media transactions.
