Adtech firm DoubleVerify Q3 revenue slightly beats estimates on CTV transactions
DV•DoubleVerify’s third-quarter revenue rose 9% to $205.64 million, slightly above estimates, while adjusted EPS of $0.25 beat the $0.13 consensus. The company withdrew its financial outlook and expects its merger with Neptune BidCo US to close by the first quarter of 2027.
1. Quarterly results
DoubleVerify reported third-quarter revenue of $205.64 million, up 9% year over year and slightly above the $203.87 million analyst estimate. Adjusted EPS was $0.25, compared with the $0.13 consensus, and adjusted EBITDA was $75.4 million versus an estimate of $70.32 million.
2. Revenue drivers and merger
Social measurement revenue grew 20% year over year, international measurement revenue rose 16%, and media transactions measured for CTV increased 22%. DoubleVerify withdrew all previously issued financial outlook and guidance because of its pending merger with Neptune BidCo US, suspended future earnings and investor calls during the merger process, and expects the deal to close by the first quarter of 2027.
