Welcome to our dedicated page for DoubleVerify Holdings news (Ticker: DV), a resource for investors and traders seeking the latest updates and insights on DoubleVerify Holdings stock.
DoubleVerify Holdings, Inc. (NYSE: DV) is a leader in digital performance solutions, dedicated to enhancing the quality and effectiveness of digital advertising. Headquartered in New York City, DoubleVerify provides innovative solutions that empower media buyers and sellers with transparency and accountability. The company's core offerings include ad viewability, brand safety, fraud protection, accurate impression delivery, and audience quality monitoring across digital ad campaigns.
Established in 2008, DoubleVerify has partnered with hundreds of Fortune 500 companies, helping them maximize the value of their media investments. The company's flagship solution, the DV Authentic Ad, ensures that digital ads are delivered in brand-safe environments, are fully viewable by real individuals, and appear in the intended geographical locations.
DoubleVerify's business model centers around a Measured Transaction Fee, which is charged based on the volume of media transactions verified through its platform. This performance-based revenue model has proven successful, creating significant value for clients and fostering trust in digital media transactions.
Recently, DoubleVerify achieved a pioneering milestone by becoming the first company to earn the TRUSTe Responsible AI Certification. This certification highlights DoubleVerify's commitment to responsible AI practices, aligning with industry standards such as the EU AI Act and the NIST AI Risk Management Framework. This achievement not only sets DoubleVerify apart but also strengthens its position as a trusted partner in the digital advertising ecosystem.
The company is backed by notable investors including JMI Equity, Institutional Venture Partners, Blumberg Capital, First Round Capital, and Genacast Ventures. As DoubleVerify continues to innovate and expand its offerings, it remains focused on fostering a fair and transparent digital ad marketplace.
For more information, visit doubleverify.com.
DoubleVerify (NYSE: DV), a top software platform for digital media measurement, data, and analytics, announced that CEO Mark Zagorski and CFO Nicola Allais will participate in three upcoming investor conferences. These include the 52nd Annual J.P. Morgan Global Technology, Media, and Communications Conference on May 20, 2024, the Baird Global Consumer, Technology & Services Conference on June 4, 2024, and the William Blair 44th Annual Growth Stock Conference on June 5, 2024. Fireside chats will be held at these events, with live webcasts and archived replays available on DoubleVerify’s investor relations website.
DoubleVerify (DV) reported a 15% year-over-year revenue increase to $140.8 million for Q1 2024. Net income was $7.2 million with an adjusted EBITDA of $38.1 million. The company achieved 27% adjusted EBITDA margin, exceeding revenue guidance, and driving growth through core verification solutions, international expansions, and new partnerships.
DoubleVerify (DV) uncovered a new large-scale audio ad fraud scheme known as 'FM Scam' that spoofed over 500,000 devices, including smart speakers, during March 2024. This marks the second significant global scheme targeting audio spending after BeatSting. FM Scam involves fraudsters falsifying audio traffic using dedicated servers to blend invalid traffic with legitimate traffic. The impact analysis showed that the perpetrators generated up to 100 million ad requests monthly, defrauding advertisers and impacting quality audio sellers' yields. DV's Fraud Lab quickly detected and mitigated the attacks, utilizing AI-powered technology and human review.
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