Earnings release
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November 9 , 2021 DV DoubleVerify DoubleVerify Announces Third Quarter 2021 Financial Results Increased Revenue by 36 % Year - over Year to $ 83.1 Million , driven by Growth in Programmatic , CTV , Social and International Revenue Achieved Net Income of $ 7.9 Million and Adjusted EBITDA of $ 26.4 Million resulting in a 32 % Adjusted EBITDA margin Agreed to acquire OpenSlate , the Leading Independent Pre - Campaign Contextual Targeting Platform for social video and CTV , and completed the acquisition of Meetrics GmbH , a European Ad Verification Company NEW YORK -- ( BUSINESS WIRE ) -- DoubleVerify ( " DV ” ) ( NYSE : DV ) , a leading software platform for digital media measurement , data and analytics , today announced financial results for the third quarter ended September 30 , 2021 . " We are pleased to have delivered another quarter of strong revenue and EBITDA growth and excited to highlight two strategic acquisitions that significantly expand our product leadership in CTV and Social and grow our global footprint , " said Mark Zagorski , CEO of DoubleVerify . " Our third quarter performance demonstrates continued organic growth and reflects the ongoing value that our products create for advertisers across all digital media platforms . Our pending acquisition of OpenSlate extends our core value proposition by combining its proven pre - campaign contextual targeting solutions with DV's granular post campaign measurement , offering end - to - end brand safety , suitability and contextual solutions across social video and CTV environments . The recently completed acquisition of Meetrics expands our business opportunities in EMEA . We expect both of these strategic investments to fuel our long - term growth trajectory and drive better business outcomes for DV customers by expanding our ability to drive media quality and performance everywhere . " Third Quarter 2021 Financial Highlights : ( All comparisons are to the third quarter of 2020 ) • Total revenue of $ 83.1 million , an increase of 36 % . • Advertiser Programmatic revenue of $ 41.9 million , an increase of 49 % . Advertiser Direct revenue of $ 34.1 million , an increase of 23 % . o Media Transactions Measured ( " MTM " ) for Social increased by 83 % and for CTV increased by 41 % . • APAC revenue increased by 96 % . o EMEA revenue increased by 44 % . • Supply - Side revenue of $ 7.1 million , an increase of 32 % . Net income of $ 7.9 million , an increase of 37 % . • Adjusted EBITDA of $ 26.4 million , an increase of 82 % , representing a 32 % EBITDA margin .