DoubleVerify Q1 Revenue Rises 10% to $180.8M with 31% EBITDA Margin
DoubleVerify reported Q1 revenue of $180.8 million, up 10% year-over-year, net income of $6.4 million, and adjusted EBITDA of $55.2 million (31% margin). The company repurchased 9.8 million shares for $100.2 million year-to-date and ended the quarter with $174 million in cash and no debt.
1. Financial Results
DoubleVerify reported first quarter revenue of $180.8 million, a 10% increase year-over-year, with activation revenue up 6% to $100.5 million and measurement revenue rising 16% to $61.8 million; net income reached $6.4 million and adjusted EBITDA was $55.2 million, reflecting a 31% margin.
2. Business Innovations and Partnerships
Product innovation and partnerships drove growth in social and CTV measurement, with social measurement revenue up 23% and CTV media transactions measured increasing 28%; key initiatives included a transparent streaming program with Spectrum Reach, AI Slop Stopper launch, and Media Rating Council accreditation for TikTok viewability.
3. Capital Allocation and Balance Sheet
The company repurchased 9.8 million shares for $100.2 million year-to-date under its buyback program, holds approximately $174 million in cash, has no outstanding debt, and maintains $200 million of remaining share repurchase authorization.
4. Second Quarter and Full-Year Guidance
For the second quarter, DoubleVerify forecasts revenue of $199 million to $205 million and adjusted EBITDA of $63 million to $67 million (around 32% margin), and reiterates full-year 2026 guidance of $810 million to $826 million in revenue with a 34% adjusted EBITDA margin.