DoubleVerify Q1 2024 Earnings Showcase Revenue Growth and Expansion in Social and CTV

Wednesday, 8 May 2024, 03:15

DoubleVerify's first quarter 2024 earnings call highlighted solid revenue growth and substantial product and business development progress. The company exceeded revenue and adjusted EBITDA guidance, with a focus on scaling independently accredited core verification solutions across leading social and CTV environments. The shift in ad spend towards social and CTV is seen as a positive opportunity for DoubleVerify, as the company continues to innovate and evolve its product offerings to capitalize on this trend.
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DoubleVerify Q1 2024 Earnings Showcase Revenue Growth and Expansion in Social and CTV

DoubleVerify Q1 2024 Earnings Call Transcript

DV earnings call for the period ending March 31, 2024. Image source: The Motley Fool.

Key Highlights:

  • Exceeded revenue and adjusted EBITDA guidance ranges.
  • Focus on scaling core verification solutions in social and CTV environments.
  • Shift in ad spend towards social and CTV presents growth opportunities.
  • Evolution of product offerings to capitalize on changing ad landscape.
  • Continued emphasis on customer wins and robust pipeline.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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