Earnings release
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EX - 99.1 2 tm2117538d1_ex99-1.htm EXHIBIT 99.1 DV DoubleVerify Double Verify Announces First Quarter 2021 Financial Results Revenue Increased 32 % Year - Over - Year to $ 67.6 Million Driven by Strong CTV and Social Volume Growth Advertiser Programmatic Revenue Increased 42 % to $ 33.9 Million Net Income Increased to $ 5.6 Million ; Adjusted EBITDA Increased 41 % to $ 21.7 Million , or 32 % of Revenue NEW YORK - May 25 , 2021 – DoubleVerify ( “ DV ” ) ( NYSE : DV ) , a leading software platform for digital media measurement , data and analytics , today announced financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Financial Highlights : ( All comparisons are to the first quarter of 2020 ) Exhibit 99.1 " Successfully completing our IPO was an important milestone for Double Verify , providing additional capital to further fuel our mission to create a stronger , safer and more secure digital ad ecosystem , " said Mark Zagorski , CEO of Double Verify . " We delivered record first quarter revenue , which grew 32 % year - over - year , with Adjusted EBITDA exhibiting 41 % growth . Our solid topline momentum was driven by global expansion via recent enterprise client wins , product success in fast growing sectors such as CTV , Social and Programmatic and the introduction of new solutions that leverage our ability to measure and verify across both the walled gardens and open internet without cookies or third - party tracking technologies . We are optimistic about continued strong growth for the remainder of 2021 and beyond . " ● Total revenue of $ 67.6 million , an increase of 32 % . ● Advertiser Direct revenue of $ 27.5 million , an increase of 24 % . 0 Media Transactions Measured ( “ MTM " ) for both CTV and Social increased by approximately 75 % . Advertiser Programmatic revenue of $ 33.9 million , an increase of 42 % . Supply - Side revenue of $ 6.1 million , an increase of 18 % . Net income increased to $ 5.6 million , compared to $ 2.4 million . ● Adjusted EBITDA of $ 21.7 million , an increase of 41 % . ● Diluted earnings per share increased to $ 0.04 , compared to $ 0.02 .