DoubleVerify's Q1 2025 Earnings Call: Navigating Contradictions in Macroeconomic Resilience and Growth Strategy
Monday, May 19, 2025 10:46 pm ET
2min read macroeconomic uncertainties and advertiser resiliency, product integration and growth strategy, Meta's pre-bid and post-bid solutions, social measurement and activation growth, Moat customers and revenue opportunities are the key contradictions discussed in DoubleVerify's latest 2025Q1 earnings call.
Revenue and Growth:
- DoubleVerify reported total revenue of $165 million for Q1 2025, an increase of 17% year-over-year.
- This growth was driven by a 27% adjusted EBITDA margin and an increase in activation revenue by 20%, supported by strong demand for its solutions and a reacceleration across all three revenue lines.
Customer Expansion and Engagement:
- The number of advertiser customers generating over $200,000 in annual revenue grew by 14% year-over-year to a total of 337.
- This expansion was supported by increased adoption of DV's core verification solutions, addition of Scibids AI to campaigns, and early momentum in social activation on Meta.
Social Media and CTV Performance:
- In social media, DV launched content-level pre-bid avoidance solutions on Meta, with 20 customers activated within two months, including major brands.
- In CTV, measurement volumes increased by nearly 43% year-over-year, driven by strong demand due to persistent viewability challenges and fraud risks.
Supply Side Business Growth:
- DoubleVerify's supply side business delivered 35% year-over-year growth, fueled by a record influx of platform and publisher customers in the second half of 2024 and rising demand from retail media platforms.
- This expansion was supported by increased revenue-sharing costs with programmatic partners and higher cloud services expenses.
Revenue and Growth:
- DoubleVerify reported total revenue of $165 million for Q1 2025, an increase of 17% year-over-year.
- This growth was driven by a 27% adjusted EBITDA margin and an increase in activation revenue by 20%, supported by strong demand for its solutions and a reacceleration across all three revenue lines.
Customer Expansion and Engagement:
- The number of advertiser customers generating over $200,000 in annual revenue grew by 14% year-over-year to a total of 337.
- This expansion was supported by increased adoption of DV's core verification solutions, addition of Scibids AI to campaigns, and early momentum in social activation on Meta.
Social Media and CTV Performance:
- In social media, DV launched content-level pre-bid avoidance solutions on Meta, with 20 customers activated within two months, including major brands.
- In CTV, measurement volumes increased by nearly 43% year-over-year, driven by strong demand due to persistent viewability challenges and fraud risks.
Supply Side Business Growth:
- DoubleVerify's supply side business delivered 35% year-over-year growth, fueled by a record influx of platform and publisher customers in the second half of 2024 and rising demand from retail media platforms.
- This expansion was supported by increased revenue-sharing costs with programmatic partners and higher cloud services expenses.
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