DoubleVerify Revenue Statistics (2023)

Image Credit: DoubleVerify

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

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, 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.
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)
Sources: AdExchanger, CNBC
  • 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. 

Written by Jordan Bevan


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