DoubleVerify Q3 revenue growth falls just short of estimates

DoubleVerify Holdings

07/11/2025 12:38

Overview

DoubleVerify Q3 revenue grows 11% yr/yr, slightly missing analyst expectations

Adjusted EBITDA for Q3 beats estimates, reflecting strong operational efficiency

Company repurchased 3.3 mln shares for $50.1 mln in Q3

Outlook

DoubleVerify expects Q4 2025 revenue between $207 mln and $211 mln

Company raises full-year 2025 adjusted EBITDA margin guidance to 33%

DoubleVerify anticipates full-year 2025 revenue growth of approximately 14%

Result Drivers

SUPPLY-SIDE REVENUE - Co's supply-side revenue grew 27% yr/yr, driven by new platform and publisher partnerships

AI PRODUCTS - Launch of DV AI Verification and DV Authentic Advantage contributed to growth by enhancing transparency and performance for advertisers

SOCIAL AND CTV EXPANSION - New solutions in social media and CTV gained traction, driving demand from global brands

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$188.62 mln
$190.40 mln (20 Analysts)
Q3 EPS
$0.06
Q3 Net Income
$10.20 mln
Q3 Adjusted EBITDA
Beat
$65.90 mln
$62.50 mln (18 Analysts)
Q3 Income From Operations
$21.10 mln
Q3 Pretax Profit
$20.54 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for DoubleVerify Holdings Inc is $18.00, about 39.1% above its November 6 closing price of $10.97

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release: ID:nBw1KBFs4a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)