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 |
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 third quarter of 2023, DoubleVerify reported revenue of $144 million, up 28% year-over-year. (DoubleVerify)
- In the third quarter of 2023, DoubleVerify increased Total Advertiser revenue by 32% YoY primarily due to a 27% increase in Media Transactions Measured and a 3% increase in Measured Transaction Fee.
- For the full year 2022, DoubleVerify revenue was $452.4 million, up 36% year-over-year. Net income for the year was $43.3 million and adjusted EBITDA was $141.6 million.
| Date | Revenue |
| Q3 2023 | $144 million |
| Q2 2023 | $133.7 million |
| Q1 2023 | $122.6 million |
| Q4 2022 | $133.6 million |
| Q3 2022 | $112.3 million |
| Q2 2022 | $109.8 million |
| Q1 2022 | $96.7 million |
| Q4 2021 | $105.5 million |
| Q3 2021 | $83.1 million |
| Q2 2021 | $76.5 million |
| Q1 2021 | $67.59 million |
| 2020 | $244 million |
| 2019 | $183 million |
| 2018 | $104 million |
| 2017 | $75 million (expected) |
- For Q4 2023, DoubleVerify expects to reach a revenue of $170 to $174 million, a YoY increase of 29% at the midpoint. For the full year 2023, the company expects revenue of $570 to $574 million, representing a 34% margin 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.
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