DoubleVerify Holdings, Inc. - DV STOCK NEWS

DoubleVerify (NYSE: DV) reported strong financial results for Q3 2024, with revenue increasing by 18% year-over-year to $169.6 million. The company achieved a net income of $18.2 million and an Adjusted EBITDA of $60.2 million, representing a 35% margin. DV announced a new $200 million authorization for additional stock repurchases, bringing the total available to $275 million. Key growth metrics include:

• Activation revenue: $96.8 million, up 18%
• Measurement revenue: $58.5 million, up 14%
• Supply-side revenue: $14.3 million, up 30%
• MTM for CTV: up 59%

DV also expanded its product capabilities and partnerships, securing major clients like Microsoft and winning 70% of Oracle RFPs. The company plans to introduce new solutions on Meta and TikTok in early 2025. For Q4 2024, DV anticipates revenue between $194-$200 million and Adjusted EBITDA of $73-$79 million. Full-year 2024 guidance includes revenue of $660-$666 million and Adjusted EBITDA of $218-$224 million.

DoubleVerify (NYSE: DV) has launched DV Attention for Publishers, a new solution providing publishers with detailed attention metrics to optimize campaign performance. The platform offers over 15 metrics across more than 10 inventory dimensions, helping publishers maximize their inventory value. The solution, backed by MRC accreditation received in 2023 for DV Authentic Attention® metrics, includes features such as granular campaign metrics, performance optimization tools, and advertiser vertical attention benchmarks. Publishers can analyze attention data across various dimensions including ad unit, device type, media type, and advertiser details.

DoubleVerify (NYSE: DV) announced an expanded integration with Snap to provide brand safety and suitability measurement. The integration allows global advertisers to independently authenticate campaign quality and protect brand reputation on Snap's platform. DV's AI-driven classification technology, powered by Universal Content Intelligence™, analyzes various content types including video, image, audio, speech, text, and links.

The solution will offer brand reputation insights, comprehensive coverage across display and video ad placements, and trusted third-party authentication. Advertisers can access measurement data through DV Pinnacle®. The integration, expanding on DV's 2019 viewability and invalid traffic measurement launch on Snap, will be available to advertisers in the coming months.

DoubleVerify (NYSE: DV) has expanded its media quality measurement coverage to include LinkedIn's premium video inventory. This enhancement allows advertisers to ensure their video ads on LinkedIn are viewable and safe from Invalid Traffic (IVT), improving campaign effectiveness. Advertisers can access measurement data and insights through DV Pinnacle®, DoubleVerify's unified service and analytics reporting platform.

The collaboration builds on DV's existing partnership with LinkedIn, which began in November 2022 with the expansion of DV's pre-bid solutions to the LinkedIn Audience Network. This latest development reinforces LinkedIn's commitment to providing safe and trusted experiences for advertisers. DV plans to make this offering available to all advertisers in the coming days.

DoubleVerify (NYSE: DV) has announced a new integration with Spotify to authenticate media quality on the platform. This expansion enables advertisers to measure fraud/invalid traffic (IVT) and viewability on video campaigns delivered through Spotify's self-serve advertising platform, Spotify Ads Manager.

The integration offers two key benefits for advertisers:

• Fraud Measurement: Detecting comprehensive fraud and IVT, from hijacked devices to bot manipulation.
• Viewability Verification: Providing comprehensive verification to identify whether an ad has the opportunity to be seen and its impact.

Brands using Spotify Ads Manager can now access DV's fraud and viewability insights across desktop and mobile in-app placements. Measurement data and insights are available through DV Pinnacle®, DoubleVerify's unified service and analytics reporting platform.

DoubleVerify (NYSE: DV) has launched its News Accelerator program to align product innovation with news industry needs and encourage advertiser spending on news and journalism. Key components include:

1. DV News Plus: A positive contextual segment for news with advanced suitability controls.
2. Enhanced analytics tools to drive positive advertiser engagement with news.
3. Partnerships with news publishers across various content types.
4. Industry education on balancing brand suitability with news content opportunities.

DV has appointed Jack Marshall as Head of News to lead this initiative. The company's data shows that advertising on news sites generates nearly 20% more engagement than non-news content, presenting a significant opportunity for brands to connect with engaged audiences while maintaining brand suitability.

DoubleVerify (NYSE: DV) has announced the upcoming introduction of content-level pre-screen avoidance on Meta's Facebook & Instagram Feed and Reels. This new feature will expand DV's suite of independent brand safety and suitability tools, allowing advertisers to proactively avoid unsuitable content before ad placement. The solution complements DV's existing post-bid measurement capabilities, providing a comprehensive approach to ad quality control.

Key points:

• Pre-screen avoidance will be available in early 2025
• Advertisers can filter out sensitive content in real-time before bidding
• The solution uses DV's proprietary Universal Content Intelligence™ classification engine
• This dual-layer approach combines pre-screen controls with post-bid measurement
• DV has been a Meta measurement partner since 2017, continuously expanding its offerings

DoubleVerify (NYSE: DV), a leading software platform for digital media measurement, data, and analytics, has announced it will report its third quarter 2024 financial results after the market close on Wednesday, November 6, 2024. The company will host a conference call and webcast to discuss the results, recent developments, and business outlook at 4:30 p.m. ET following the release of the financial results.

Interested parties can access the conference call via:

• US/Canada Toll-Free: (877) 841-2987
• International: +1 (215) 268-9878
• Webcast: https://ir.doubleverify.com/

ShipTop, a leading eCommerce fulfillment provider, has closed a $500,000 seed funding round led by Dino Verbrugge and Jared Vegosen, co-founders of DV Trading Company. Founded in 2021, ShipTop offers scalable solutions for multi-channel eCommerce merchants, handling complex shipping and fulfillment challenges.

The funding will be used to enhance ShipTop's technology platform, expand service offerings, and reach a broader market. The company aims to continue providing sustainable and eco-friendly shipping solutions. ShipTop's CEO, Ash Jamshidpour, emphasized their mission to empower eCommerce merchants with advanced technology and exceptional customer service.

This investment positions ShipTop as a leader in the logistics industry, ready to meet the evolving needs of eCommerce merchants worldwide.