DoubleVerify Holdings, Inc. - DV STOCK NEWS

DoubleVerify (NYSE: DV) announced the appointment of Sundeep Jain to its Board of Directors, effective July 1, 2022. Jain, currently Chief Product Officer at Uber (NYSE: UBER), brings over 20 years of experience from prominent companies including Google (NASDAQ: GOOG) and Zynga. He will serve on the Board's Compensation Committee. Jain's expertise in product innovation and technology is expected to enhance DV's growth and innovation trajectory in the digital media measurement sector.

DoubleVerify (NYSE: DV) has announced a partnership with Scope3 to provide advertisers with a new carbon footprint metric through its DV Pinnacle platform. This offering aims to enhance transparency in the digital advertising ecosystem, allowing clients to measure and reduce their campaign-related emissions. Scope3's system is designed to map emissions across the digital advertising supply chain, providing detailed reports on contributions to carbon footprints from various entities. This initiative is an important step toward making carbon-aware decisions in ad spending.

DoubleVerify (NYSE: DV) announced a pioneering partnership with Reddit to be its first full-service verification provider. This collaboration aims to enhance media verification for advertisers, ensuring campaigns are viewable, brand-safe, and free from fraud. DV will provide insights on brand safety, viewability, and geographic targeting to help Reddit advertisers improve campaign performance. The integration of DV's technology is set to roll out in 2023, reinforcing Reddit's commitment to delivering quality advertising solutions.

DoubleVerify (NYSE: DV) has announced that its 2022 Annual Meeting of Stockholders will take place on June 14, 2022, at 10 a.m. ET, in a virtual format. Stockholders of record as of April 18, 2022, can attend, vote, and ask questions through an online platform. This meeting will provide insights into DV's performance and strategic direction as a leading software platform in digital media measurement and analytics, aimed at enhancing the integrity of the digital advertising ecosystem.

DoubleVerify (NYSE: DV) announced participation in notable investor conferences, including the Loop Capital Markets 2022 Investor Conference on June 2, and the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, featuring a fireside chat at 8:40 a.m. CT / 9:40 a.m. ET. Both events will be accessible via live webcast and archived on DoubleVerify's investor relations website. As a leading software platform for digital media measurement and analytics, DoubleVerify aims to enhance the digital advertising ecosystem's safety and effectiveness for Fortune 500 advertisers.

DoubleVerify (NYSE: DV) announced that CEO Mark Zagorski and CFO Nicola Allais will present at the 17th Annual Needham Technology & Media Conference on Tuesday, May 17, 2022, at 11am ET. The event will feature one-on-one and small group meetings with institutional investors. A live webcast of the fireside chat will be available on DoubleVerify's investor relations website, allowing stakeholders to access archived content post-event.

DoubleVerify (NYSE:DV) released its 2022 Global Insights Report, highlighting significant trends in digital media measurement. Key findings indicate that fraud schemes spiked over 70% year-over-year, costing publishers approximately $140 million in 2021. However, brand safety violations decreased for the second consecutive year, with overall rates now at 7.1%. Video completion rates improved, particularly in CTV, reaching 95.6%. The report underscores the importance of pre-bid verification and experience in reducing violations and enhancing media quality.

DoubleVerify (NYSE: DV), a digital media measurement platform, announced that CEO Mark Zagorski and CFO Nicola Allais will join a live virtual fireside chat hosted by Canaccord Genuity on Friday, May 13, at 11:30 a.m. ET. The event will feature Managing Director Michael Graham as the host. Interested parties can access the chat via a live webcast, which will also be archived on DoubleVerify's investor relations website. The company focuses on enhancing the digital advertising landscape by providing data and analytics for campaign quality and effectiveness.

DoubleVerify (DV) reported a remarkable 43% revenue increase year-over-year, reaching $96.7 million for Q1 2022, driven by a 56% rise in activation revenue at $53 million. The company achieved a net income of $4.6 million and a record adjusted EBITDA of $24.7 million, indicating a 26% margin. DV raised its full-year guidance, projecting revenue between $439M to $445M and adjusted EBITDA of $131M to $137M. Key client wins included Best Buy and notable growth in international markets.