DoubleVerify Reports Strong Q1 2025 Amid Caution

Doubleverify Holdings, Inc. ((DV)) has held its Q1 earnings call. Read on for the main highlights of the call.

DoubleVerify Holdings, Inc. recently reported a strong performance in its Q1 2025 earnings call, showcasing significant revenue growth and successful customer engagements. Despite these positive results, the company expressed caution due to macroeconomic uncertainties and specific challenges with certain customers.

Strong Revenue Growth

DoubleVerify Holdings, Inc. reported a 17% year-over-year increase in total revenue, reaching $165 million. This growth was fueled by a 16% rise in advertiser revenue and a remarkable 35% increase in supply-side revenue, highlighting the company’s robust financial health and market demand.

Robust Advertiser Demand

The company saw a 14% year-over-year increase in the number of advertiser customers generating over $200,000 annually, bringing the total to 337. This indicates a strong demand for DoubleVerify’s services among advertisers, further solidifying its market position.

Successful New Customer Engagements

DoubleVerify successfully engaged with several new global brands, including Pinterest, Chipotle, Levi Strauss, Avon, Rivian Auto, and Valvoline. These new customer wins demonstrate the company’s ability to attract and retain high-profile clients.

Expansion in Social Media and CTV

The company launched a content-level pre-bid avoidance solution on Meta’s platforms, resulting in a nine percentage point improvement in brand suitability rates for early adopters. Additionally, CTV measurement volumes grew by nearly 43% year-over-year, underscoring DoubleVerify’s expansion in these key areas.

Innovation and Product Development

DoubleVerify introduced a prescreen brand safety and suitability solution for Google’s Search Partner Network and successfully upsold its CyBids AI campaign optimization to over 200 customers. These innovations highlight the company’s commitment to enhancing its product offerings.

Macro Uncertainty Concerns

Despite the strong performance, DoubleVerify expressed caution due to macroeconomic uncertainties that could impact future guidance. This prudent approach reflects the company’s awareness of broader economic challenges.

Impact of Large Customer Pausing Spend

International revenue growth was affected by a large customer pausing their spending due to higher commodity costs. This highlights the potential impact of external factors on DoubleVerify’s revenue streams.

Forward-Looking Guidance

For Q2 2025, DoubleVerify anticipates revenue between $169 million and $173 million, representing a 10% year-over-year growth at the midpoint. The company expects adjusted EBITDA to range from $48 million to $52 million, with a 29% margin at the midpoint. The full-year 2025 guidance remains unchanged, reflecting a 10% revenue growth and 32% adjusted EBITDA margins, demonstrating prudence amid macroeconomic uncertainties.

In summary, DoubleVerify Holdings, Inc. delivered a strong Q1 2025 performance with significant revenue growth and successful customer engagements. However, the company remains cautious due to macroeconomic uncertainties and specific customer challenges. Looking ahead, DoubleVerify maintains a prudent outlook, balancing optimism with awareness of potential economic headwinds.