Welcome to our dedicated page for DoubleVerify Holdings news (Ticker: $DV), a resource for investors and traders seeking the latest updates and insights on DoubleVerify Holdings stock.
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DoubleVerify (DV) reported a 15% year-over-year revenue increase to $140.8 million for Q1 2024. Net income was $7.2 million with an adjusted EBITDA of $38.1 million. The company achieved 27% adjusted EBITDA margin, exceeding revenue guidance, and driving growth through core verification solutions, international expansions, and new partnerships.
DoubleVerify (DV) uncovered a new large-scale audio ad fraud scheme known as 'FM Scam' that spoofed over 500,000 devices, including smart speakers, during March 2024. This marks the second significant global scheme targeting audio spending after BeatSting. FM Scam involves fraudsters falsifying audio traffic using dedicated servers to blend invalid traffic with legitimate traffic. The impact analysis showed that the perpetrators generated up to 100 million ad requests monthly, defrauding advertisers and impacting quality audio sellers' yields. DV's Fraud Lab quickly detected and mitigated the attacks, utilizing AI-powered technology and human review.
