DoubleVerify 2025 Q2 Earnings Strong Performance as Net Income Surges 17.2%

DoubleVerify (DV) reported its fiscal 2025 Q2 earnings on Aug 06th, 2025. The company's performance exceeded expectations, with revenue and net income both rising year-over-year. DoubleVerify also raised full-year 2025 revenue growth guidance to ~15%, reflecting confidence in its sustained momentum and operational efficiency.

Revenue

DoubleVerify's second-quarter revenue reached $189.02 million, a 21.3% increase compared to $155.89 million in the same period last year. The growth was driven by all three business segments, with activation revenue expanding the most at 25% year-over-year to $108.95 million. Measurement revenue rose by 15% to $62.90 million, while supply-side revenue grew by 26% to $17.18 million, reflecting strong demand across digital advertising platforms and CTV.

Earnings/Net Income

DoubleVerify’s earnings per share (EPS) increased by 25.0% to $0.05 in 2025 Q2, up from $0.04 in 2024 Q2. The company's net income surged by 17.2% year-over-year to $8.76 million, highlighting the company's strong profitability. This performance marked the sixth consecutive year of profitability in the corresponding fiscal quarter, underscoring the company’s stable and disciplined operations.

Price Action

The stock price of DoubleVerify (DV) declined slightly by 0.25% during the latest trading day but rebounded with a 1.86% gain during the most recent full trading week. Month-to-date, the stock has risen by 2.85%, indicating positive investor sentiment despite some short-term volatility.

Post Earnings Price Action Review

A strategy of purchasing DoubleVerify shares after its earnings report and holding for 30 days delivered moderate returns but underperformed the broader market. While the holding period offered some protection against post-earnings volatility, it limited exposure to the full extent of subsequent price appreciation. This approach is suitable for investors seeking low-risk ways to leverage earnings events, though outcomes depend on the timing of execution and market conditions.

CEO Commentary

Mark Zagorski, CEO of DoubleVerify, emphasized the company’s 21% year-over-year revenue growth in Q2 2025, outperforming expectations across activation (+25%), measurement (+15%), and supply-side (+26%). He highlighted strong execution in key areas like Social, CTV, and programmatic advertising, driven by both existing customer expansion and new client additions. Zagorski underscored the value of the DV Media AdVantage Platform and the company’s focus on innovation, customer value, and disciplined execution as foundational to long-term, durable growth. The tone of his remarks reflected optimism and confidence in the company’s strategic direction.

Guidance

DoubleVerify raised its full-year 2025 revenue growth guidance to ~15% and reaffirmed an adjusted EBITDA margin of ~32%. For Q3 2025, the company expects revenue in the range of $188 to $192 million, representing 12% year-over-year growth at the midpoint, with adjusted EBITDA expected to range between $60–$64 million, reflecting a 33% margin. These updated guidance ranges reflect increased confidence in the second-half performance following strong first-half execution and improved operational efficiency.

Additional News

DoubleVerify announced several strategic developments, including the acquisition of Rockerbox to enhance its data and AI capabilities. The company also launched new solutions such as DV Authentic AdVantage and DV Authentic Attention® for Social on Snap, expanding its offerings for brand protection and audience engagement. The company expanded its brand suitability measurement on Meta and announced a partnership with Lyft to bring its full measurement suite to Lyft’s North American advertising platform. Additionally, DoubleVerify continued to achieve a Gross Revenue Retention rate of over 95% in Q2 and secured new enterprise customer wins including Banco do Brasil, Emaar, and Puma.