DoubleVerify (DV) Q1 2026 earnings summary

Executive summary

• Achieved 10% year-over-year revenue growth to $180.8 million in Q1 2026, driven by strong performance in social activation, CTV, and AI-driven solutions.

• Adjusted EBITDA reached $55.2 million with a 31% margin, reflecting operational efficiency and AI-driven cost control.

• Net income rose 171% year-over-year to $6.4 million, with non-GAAP net income at $27.7 million.

• Social activation revenue grew 92% year-over-year, with Meta, YouTube, and TikTok as key contributors.

• Share repurchases totaled $100 million year-to-date, representing 9.8 million shares, with $200 million remaining authorized.

Financial highlights

• Q1 2026 revenue was $180.8 million, up 10% year-over-year.

• Adjusted EBITDA was $55.2 million (31% margin), up from 27% in Q1 2025.

• Measurement revenue grew 16% year-over-year; social measurement up 23%, international up 18%.

• Supply-side revenue grew 12% year-over-year to $18.5 million.

• Gross margin reached 82%, attributed to AI efficiencies.

Outlook and guidance

• Q2 2026 revenue expected between $199–$205 million, up ~7% year-over-year at midpoint.

• Full-year 2026 revenue guidance reiterated at $810–$826 million, 8–10% growth.

• Adjusted EBITDA margin for full year expected at approximately 34%.

• Free cash flow conversion for the year expected at ~60%.

• Sufficient liquidity and undrawn $200 million credit facility support future investments and share repurchases.