DoubleVerify Revenue Statistics (2023)

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 first quarter of 2023, DoubleVerify reported revenue of $122.6 million, up 27% year-over-year. (DoubleVerify)
• In the first quarter of 2023, DoubleVerify increased Total Advertiser revenue by 28% YoY primarily due to a 25% 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
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 Q2 2023, DoubleVerify expects to reach a revenue of $131 to $135 million, a YoY increase of 21% at the midpoint. For the full year 2023, the company expects revenue of $557 to $569 million, representing a 31% margin at the midpoint.
• 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.