DoubleVerify Holdings Inc. (NYSE: DV) reported Q1 EPS of $0.04, versus $0.02 reported last year. Revenue for the quarter came in at $67.6 million, versus $51.22 million reported last year.

First Quarter 2021 Financial Highlights:
(All comparisons are to the first quarter of 2020)

• Total revenue of $67.6 million, an increase of 32%.
• Advertiser Direct revenue of $27.5 million, an increase of 24%.
  • 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.

“Successfully completing our IPO was an important milestone for DoubleVerify, providing additional capital to further fuel our mission to create a stronger, safer and more secure digital ad ecosystem,” said Mark Zagorski, CEO of DoubleVerify. “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.”

GUIDANCE:

DoubleVerify Holdings Inc. sees Q2 2021 revenue of $72-74 million.

DoubleVerify Holdings Inc. sees FY2021 revenue of $322-326 million.

DoubleVerify anticipates Revenue and Adjusted EBITDA to be in the following ranges:

• Second quarter 2021:
  • Revenue of $72 to $74 million, a year-over-year increase of 38% at the midpoint.
  • Adjusted EBITDA in the range of $20 to $22 million, a year-over-year improvement of 34% at the midpoint.
• Full year 2021:
  • Revenue of $322 to $326 million, a year-over-year increase of 33% at the midpoint.
  • Adjusted EBITDA in the range of $103 to $105 million, a year-over-year increase of 42% at the midpoint.

For earnings history and earnings-related data on DoubleVerify Holdings Inc. (DV) click here.