DoubleVerify Revenue Statistics (2021)

Company Overview

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

FoundersOren Netzer, Alex Liverant
Founded Date2008
HeadquarterNew York, United States
Crunchbase ProfileProfile Link
Website

DoubleVerify – Funding Rounds

DateTransactionFunding Amount
October 28, 2020Private Equity Round$350 million
October 1, 2020Debt Financing$150 million
August 30, 2011Private Equity Round$33 million
July 25, 2011Debt Financing$3 million
March 8, 2010Series B$10 million
May 18, 2009Series 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)
DateRevenue
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. 

Written by Jordan Bevan

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