Adtech firm DoubleVerify Q3 revenue slightly beats estimates on CTV transactions
Overview
Digital media measurement firm's Q3 revenue rose 9%, slightly beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Outlook
Company has withdrawn all previously issued financial outlook and guidance due to pending merger
DoubleVerify has suspended future earnings and investor calls during the merger process
Company expects merger with Neptune BidCo US Inc. to close by Q1 2027
Result Drivers
SOCIAL MEASUREMENT - Co said social measurement revenue grew 20% year-over-year, helping drive overall revenue growth
CTV TRANSACTIONS - Media Transactions Measured for CTV rose 22%, contributing to measurement revenue growth
INTERNATIONAL MEASUREMENT - Co said international measurement revenue grew 16% year-over-year
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $205.64 mln | $203.87 mln (14 Analysts) |
Q3 Adjusted EPS | Beat | $0.25 | $0.13 (12 Analysts) |
Q3 Net Income | $15.93 mln | ||
Q3 Adjusted EBITDA | Beat | $75.4 mln | $70.32 mln (13 Analysts) |
Q3 Income From Operations | $28.35 mln | ||
Q3 Pretax Profit | $27.94 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 16 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for DoubleVerify Holdings, Inc. is $13.60, about 0.2% above its October 29 closing price of $13.57
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)