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DoubleVerify Holdings, Inc. (DV) reports developments in digital media measurement, data and analytics for advertisers and global brands. The company operates a media effectiveness platform that uses AI to verify media quality, optimize ad performance and measure campaign outcomes across programmatic channels, social media, streaming TV, CTV and digital publishers.
Recurring announcements cover financial results, AI-based verification products such as DV AI Verification and AI SlopStopper, attention measurement through DV Authentic Attention, reporting through DV Pinnacle, and market research derived from DV measurement data. Company updates also address MRC accreditations, platform integrations such as TikTok measurement, CTV fraud and transparency studies, streaming TV partnerships, investor conference participation and share repurchase activity.
DoubleVerify (NYSE: DV) announced its participation in two upcoming investor conferences: the Truist Securities Virtual Internet Summit on September 12, 2022, and the Goldman Sachs Communacopia + Technology Conference on September 13, 2022, featuring a fireside chat at 7:30 a.m. PT / 10:30 a.m. ET. The fireside chat will be available via live webcast and archived on DoubleVerify's investor relations website. The company specializes in digital media measurement and analytics, helping advertisers enhance campaign quality and effectiveness.
DoubleVerify (DV) reported a 43% year-over-year revenue growth, reaching $109.8 million for Q2 2022, driven primarily by a 60% increase in activation revenue to $60.5 million. The company achieved a net income of $10.3 million and a record Adjusted EBITDA of $34.0 million, reflecting a robust 31% margin. Based on strong results, DV raised its full-year guidance to anticipate 35% revenue growth and 31% EBITDA margins. Key highlights include expansion in international markets and strategic partnerships to enhance brand safety.
DoubleVerify (NYSE: DV) announced it will report its second quarter 2022 financial results after the market closes on August 3, 2022. Following this, a conference call and webcast will be held at 4:30 p.m. ET to discuss the results and business outlook. DoubleVerify, a prominent software platform for digital media measurement and analytics, aims to enhance the digital advertising ecosystem by providing unbiased data, benefiting numerous Fortune 500 advertisers globally.
DoubleVerify (NYSE: DV) announced the appointment of Sundeep Jain to its Board of Directors, effective July 1, 2022. Jain, currently Chief Product Officer at Uber (NYSE: UBER), brings over 20 years of experience from prominent companies including Google (NASDAQ: GOOG) and Zynga. He will serve on the Board's Compensation Committee. Jain's expertise in product innovation and technology is expected to enhance DV's growth and innovation trajectory in the digital media measurement sector.
DoubleVerify (NYSE: DV) has announced a partnership with Scope3 to provide advertisers with a new carbon footprint metric through its DV Pinnacle platform. This offering aims to enhance transparency in the digital advertising ecosystem, allowing clients to measure and reduce their campaign-related emissions. Scope3's system is designed to map emissions across the digital advertising supply chain, providing detailed reports on contributions to carbon footprints from various entities. This initiative is an important step toward making carbon-aware decisions in ad spending.
DoubleVerify (NYSE: DV) announced a pioneering partnership with Reddit to be its first full-service verification provider. This collaboration aims to enhance media verification for advertisers, ensuring campaigns are viewable, brand-safe, and free from fraud. DV will provide insights on brand safety, viewability, and geographic targeting to help Reddit advertisers improve campaign performance. The integration of DV's technology is set to roll out in 2023, reinforcing Reddit's commitment to delivering quality advertising solutions.
DoubleVerify (NYSE: DV) has announced that its 2022 Annual Meeting of Stockholders will take place on June 14, 2022, at 10 a.m. ET, in a virtual format. Stockholders of record as of April 18, 2022, can attend, vote, and ask questions through an online platform. This meeting will provide insights into DV's performance and strategic direction as a leading software platform in digital media measurement and analytics, aimed at enhancing the integrity of the digital advertising ecosystem.
DoubleVerify (NYSE: DV) announced participation in notable investor conferences, including the Loop Capital Markets 2022 Investor Conference on June 2, and the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, featuring a fireside chat at 8:40 a.m. CT / 9:40 a.m. ET. Both events will be accessible via live webcast and archived on DoubleVerify's investor relations website. As a leading software platform for digital media measurement and analytics, DoubleVerify aims to enhance the digital advertising ecosystem's safety and effectiveness for Fortune 500 advertisers.
DoubleVerify (NYSE: DV) announced that CEO Mark Zagorski and CFO Nicola Allais will present at the 17th Annual Needham Technology & Media Conference on Tuesday, May 17, 2022, at 11am ET. The event will feature one-on-one and small group meetings with institutional investors. A live webcast of the fireside chat will be available on DoubleVerify's investor relations website, allowing stakeholders to access archived content post-event.
DoubleVerify (NYSE:DV) released its 2022 Global Insights Report, highlighting significant trends in digital media measurement. Key findings indicate that fraud schemes spiked over 70% year-over-year, costing publishers approximately $140 million in 2021. However, brand safety violations decreased for the second consecutive year, with overall rates now at 7.1%. Video completion rates improved, particularly in CTV, reaching 95.6%. The report underscores the importance of pre-bid verification and experience in reducing violations and enhancing media quality.