Doubleverify Hldgs Inc - DV STOCK NEWS

DoubleVerify (DV), a prominent software platform for digital media measurement, announced that CEO Mark Zagorski and CFO Nicola Allais will participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Virtual Conference on May 26, 2021, at 4:25 p.m. ET. The session will be accessible via live audio webcast and will be archived on DoubleVerify's investor relations website.

DoubleVerify aims to enhance the digital advertising ecosystem by providing unbiased data and analytics to improve campaign quality for Fortune 500 advertisers globally.

DoubleVerify (DV) announced its Q1 2021 financial results, reporting a 32% increase in total revenue to $67.6 million and 41% growth in Adjusted EBITDA. The gains were driven by new enterprise clients and strong performance in sectors like CTV and Social. Net income rose to $5.6 million, and diluted EPS increased to $0.04. For Q2, DV projects revenues between $72 million and $74 million, anticipating 38% growth. The company remains optimistic about continued growth and has strengthened its balance sheet post-IPO.

DoubleVerify (DV) has appointed Tejal Engman as the new Senior Vice President of Investor Relations. Engman, who brings over 15 years of experience in investor relations and finance, will focus on financial communications and serve as the main contact for investors and analysts. Her previous leadership roles include SVP of Investor Relations at Host Hotels & Resorts, where she helped navigate financial challenges during the pandemic. Engman expressed excitement about contributing to DV’s growth and maintaining the company’s integrity.

DoubleVerify (DV) will report its first quarter 2021 financial results after market close on May 25, 2021. A conference call and webcast will be held at 4:30 p.m. ET to discuss the results, recent developments, and the company’s business outlook.

DoubleVerify, a leader in digital media measurement and analytics, aims to enhance the digital advertising ecosystem's safety and efficacy. Hundreds of Fortune 500 clients use their data to optimize advertising campaigns.

DoubleVerify (DV) has expanded its operations into the MENAT region, appointing Johara Abdelmoumen and Wassim Mneimneh as new business directors based in Dubai. This expansion is driven by the increasing demand for independent media quality measurement as digital media consumption rises significantly across social media in the area. Tanzil Bukhari, Managing Director EMEA, emphasized the necessity of this local team to enhance customer responsiveness and maximize digital media investments. The expansion reflects DV's commitment to support global advertisers in a fast-evolving environment.

DoubleVerify (NYSE: DV) announces the appointment of James Cashmore as Senior Vice President of the new Global Client and Agency Partnerships team. His role focuses on addressing the needs of top global brands and ensuring seamless delivery of DV's solutions. This team will cultivate relationships with major clients and coordinate services across markets. Cashmore, a digital media expert with 25 years of experience, previously worked with Google for 15 years, enhancing DV's strategic capabilities in the digital ecosystem.

Viant Technology (NASDAQ: DSP) has successfully integrated DoubleVerify's (NYSE: DV) Inventory Quality Management (IQM) into its Adelphic® advertising software, enhancing brand safety and fraud prevention protocols. This integration aims to improve transparency in digital media quality, especially in the fast-growing Connected TV (CTV) sector, where ad spending is projected to rise significantly. Viant emphasizes its commitment to delivering quality inventory to brands while DoubleVerify assures added insights for media investments.

DoubleVerify announced the closing of its initial public offering of 15,333,335 shares at $27.00 per share, including the underwriters' option. The company sold 9,977,452 shares while existing stockholders, including Providence, sold 5,355,883 shares. Notably, DoubleVerify's stock began trading on the New York Stock Exchange under the ticker symbol DV on April 21, 2021. Additionally, the firm closed a private placement of 1,111,111 shares to Tiger Global Management, also at the IPO price. The shares sold in these transactions have not been registered under the Securities Act.