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.
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.
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