Slide 1: Q2 2021 Earnings Call
Q2 2021 Earnings Call July 29, 2021
Slide 2: Disclaimer
1 Disclaimer This presentation contains “forward-looking statements” that are based on management’s beliefs and assumptions and on information currently available to management. These forward-looking statements include, but are not limited to, statements about our plans, objectives, expectations and
Slide 3: Second Quarter Results
2 Second Quarter Results Total Revenue Growth Adjusted EBITDA Growth and Margin +44% +35% year-over-year year-over-year growth growth $76.5M $21.2M $53.0M $15.7M 28% MARGIN 30% MARGIN Q2 2020 Q2 2021 Q2 2020 Q2 2021
Slide 4: Second Quarter Total Revenue Growth
3 Second Quarter Total Revenue Growth 2Q ’21 TOTAL REVENUE GROWTH OF 44% Key Drivers Programmatic Direct Supply Side Authentic Brand Safety +57% +34% +35% year-over- year-over- year-over- year growth year growth year growth $37.9M Social $31.7M CTV $24.1M $23.7M $7.0M $5.2M Global Expansion New Part
Slide 5: Second Quarter Programmatic Performance
4 Second Quarter Programmatic Performance Available on the following leading platforms ABS Q2 2021 ~112% year-over-year revenue growth NEW + Upcoming launch on:
Slide 6: Second Quarter Social Performance
5 Second Quarter Social Performance Industry-leading MRC accreditations Expanding coverage Social Service on Facebook Facebook across walled gardens Q2 2021 Impression Counting ~100% (Display/Video) NEW year-over-year volume growth Ad Viewability (Display) Ad Viewability (Video) Launched beta in 14
Slide 7: Second Quarter CTV Performance
6 Second Quarter CTV Performance CTV Additional industry-leading MRC accreditations for CTV Launched industry’s only NEW app-level Q2 2021 Service CTV CTV Brand Suitability NEW Solution ~89% Viewability & Video Filtering year-over-year volume growth Added more partners to DV’s SIVT Detection & CTV T
Slide 8: Global Expansion & Wins
7 Global Expansion & Wins APAC EMEA 73% Year-over-year revenue growth 62% Year-over-year revenue growth GLOBAL REVENUE WIN RATE Revenue of new/upsell 94 generating countries 86% business opportunities (1) (1) Over the past five quarters
Slide 9: DV Custom Contextual Performance
8 DV Custom Contextual Performance VODAFONE UK SEQUENTIAL GROWTH Incremental Acquisitions per $ / >2x Advertisers using DV’s Custom 2.2x Contextual Solution 3.0x have more than Q2 vs. Q1 2021 doubled DV Custom Vodafone Other Contextual growth Contextual Benchmark Strategy AVAILABLE ON
Slide 10: Q3 and FY 2021 Guidance
9 Q3 and FY 2021 Guidance Q3 2021 Guidance FY 2021 Guidance Revenue Revenue $81M - $83M +34% $325M - $330M +34% year-over-year year-over-year Low-end High-end growth at the Low-end High-end growth at the midpoint midpoint Adjusted EBITDA Adjusted EBITDA $22M - $24M +59% $103M - $105M +42% year-over-
Slide 11: Key Business Terms
10 Key Business Terms Advertiser Direct revenue is generated from the verification and measurement of advertising impressions that are directly purchased on digital media properties, including publishers and social media platforms. Advertiser Programmatic revenue is generated from the evaluation, ve
Slide 12: Non-GAAP Financial Measures Reconciliation
11 Non-GAAP Financial Measures Reconciliation Three Months Ended June 30, 2021 2020 (In Thousands) Net (loss) income $ (12,568) $ 4,078 Net (loss) income margin (16)% 8% Depreciation and amortization 7,440 6,146 Stock-based compensation 4,714 1,140 Interest expense 297 936 Income tax expense 2,298 2
Slide 13: Non-GAAP Financial Measures Reconciliation
12 Non-GAAP Financial Measures Reconciliation (a) M&A costs for the three and six months ended June 30, 2021 consist of reductions to deferred compensation liabilities related to acquisitions. M&A costs for the three and six months ended June 30, 2020 consist of third-party costs and deferred compen