DoubleVerify Revenue Statistics (2022)

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

+ For the first quarter of 2022, DoubleVerify reported revenue of $96.7 million, up 43% year-over-year. (DoubleVerify)

+ For the full year 2021, DoubleVerify revenue was $332.7 million, up 36% year-over-year. Net income for the year was $29.3 million and adjusted EBITDA was $109.7 million.

DateRevenue
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)
Sources: AdExchanger, CNBC

+ 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.

+ 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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