DoubleVerify reports Q2 adjusted EBITDA $57.3M vs. $46.8M last year

Reports Q2 revenue $189.0M, consensus $181.5M. Grew Total Advertiser revenue by 21% year-over-year in the second quarter. MTM increased by 19% year-over-year, and Measured Transaction Fees declined 1% year-over-year, excluding the impact of an introductory fixed fee deal for one large customer. “We drove 21% year-over-year growth in Q2, significantly outperforming the revenue expectations we raised at Innovation Day and building momentum across all key areas of the business,” said Mark Zagorski, CEO of DoubleVerify (DV). “DV is executing well across every key growth vector, with Social gaining traction across both activation and measurement, CTV continuing to scale rapidly, and programmatic delivering deeper advertiser adoption across our ABS and Scibids AI solutions. Our growth in the first half of the year was predominantly driven by existing customers who adopted additional products and expanded into new geographies, followed by the addition and scaling of new advertiser and supply-side customers. Based on our solid performance to date, it is clear that our vision for the DV Media AdVantage Platform is resonating with current and new customers, and our continued focus on innovation, customer value, and disciplined execution is laying the groundwork for durable, long-term growth.”