Doubleverify Hldgs Inc Stock Price, News & Analysis

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.

DoubleVerify (NYSE: DV), a digital media measurement platform, announced that CEO Mark Zagorski and CFO Nicola Allais will join a live virtual fireside chat hosted by Canaccord Genuity on Friday, May 13, at 11:30 a.m. ET. The event will feature Managing Director Michael Graham as the host. Interested parties can access the chat via a live webcast, which will also be archived on DoubleVerify's investor relations website. The company focuses on enhancing the digital advertising landscape by providing data and analytics for campaign quality and effectiveness.

DoubleVerify (DV) reported a remarkable 43% revenue increase year-over-year, reaching $96.7 million for Q1 2022, driven by a 56% rise in activation revenue at $53 million. The company achieved a net income of $4.6 million and a record adjusted EBITDA of $24.7 million, indicating a 26% margin. DV raised its full-year guidance, projecting revenue between $439M to $445M and adjusted EBITDA of $131M to $137M. Key client wins included Best Buy and notable growth in international markets.

DoubleVerify (NYSE: DV) has become the first company to receive MRC accreditation for YouTube video viewability through Google’s Ads Data Hub. This accreditation covers viewability for both desktop and mobile platforms. With 75% of American Internet users engaging on YouTube and $28 billion spent on ads globally in 2021, this achievement underscores DoubleVerify's commitment to providing reliable media measurement solutions. The accreditation includes various ad formats across key platforms, enhancing advertiser confidence in their media investments.

DoubleVerify (NYSE: DV) has announced the appointment of Andrew Smith as Senior Vice President of Product, Publisher. With over 20 years of experience in the advertising and media sectors, Smith will lead the product strategy for the DV Publisher Suite, enhancing ad delivery and inventory quality. He previously held key roles at OpenSlate and Oracle, contributing to product development and growth. The DV Publisher Suite integrates measurement and optimization tools, aiding publishers in maximizing revenue.

DoubleVerify (NYSE: DV) will announce its first quarter 2022 financial results on May 10, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results, recent developments, and business outlook. The call can be accessed by dialing 877-841-2987 for US/Canada or 215-268-9878 for international calls. DoubleVerify is a leader in digital media measurement and analytics, serving many Fortune 500 companies to enhance campaign effectiveness and value in the digital advertising ecosystem.

DoubleVerify (NYSE: DV) has uncovered a sophisticated advertising fraud scheme called ViperBot, which aims to siphon over $8 million monthly from connected TV and mobile video ad spends. ViperBot manipulates ad verification by stripping tags and redirecting them, evading detection. Although DV’s technology effectively protects its clients, the scheme currently affects over five million devices and up to 85 million ad requests daily. DV’s Fraud Lab utilizes advanced methods to combat such fraud, ensuring campaign integrity and promoting a secure advertising ecosystem.

DoubleVerify (DV) reported record fourth quarter and full-year 2021 results, with revenue soaring by 36% to $332.7 million. The growth was fueled by increases in programmatic, social, and CTV revenue segments, alongside a remarkable 248% rise in net income, reaching $29.3 million. Adjusted EBITDA saw a 50% increase to $109.7 million. The company acquired OpenSlate for $147.4 million and earned MRC accreditation for its targeting services. For 2022, DV anticipates a revenue growth of 30% and plans to maintain an EBITDA margin of 30%.

DoubleVerify (NYSE: DV) released a survey revealing insights into the digital advertising landscape as third-party cookies are phased out. Key findings indicate that 95% of advertisers plan to use contextual targeting, with 76% preferring publishers with strong first-party data. Interestingly, 64% of publishers expect revenue increases from cookie depreciation. As publishers adapt, 45% are exploring private marketplaces, while 82% are investing in subscription models to gather first-party data. The shifting focus offers a promising outlook for publishers navigating upcoming changes.