DoubleVerify Sees Q3 Revenue $167M-$171M Vs $168.23M Est.; FY24 Revenue $667M-$675M Vs $667.99M Est.
Portfolio Pulse from Benzinga Newsdesk
DoubleVerify (DV) has provided its Q3 and FY24 revenue and adjusted EBITDA guidance. For Q3, revenue is expected to be between $167M and $171M, and adjusted EBITDA between $49M and $53M. For FY24, revenue is projected to be between $667M and $675M, with adjusted EBITDA between $206M and $214M.
July 30, 2024 | 8:10 pm
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DoubleVerify (DV) has provided its Q3 and FY24 revenue and adjusted EBITDA guidance. For Q3, revenue is expected to be between $167M and $171M, and adjusted EBITDA between $49M and $53M. For FY24, revenue is projected to be between $667M and $675M, with adjusted EBITDA between $206M and $214M.
The revenue and adjusted EBITDA guidance provided by DoubleVerify for Q3 and FY24 indicates a positive outlook with a 17% year-over-year increase in revenue at the midpoint. This is likely to have a positive short-term impact on the stock price as it reflects strong growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100