Doubleverify Holdings, Inc. · NYSE:DV
Doubleverify — Q1 2023 Earnings Presentation
12 slides from Doubleverify's earnings presentation, May 10, 2023
Slide 1: Q1 2023 Earnings Call
Q1 2023 Earnings Call May 10, 2023 0
Slide 2: Disclaimer
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: Key Focus Areas
Key Focus Areas Launching Innovative Scaling Core Expanding Partnerships with Outcome-Driving Products Verification Solutions Advertisers and Platforms Launched CTV Drove global market Expanded Twitter Brand Viewability verification share growth through Safety & Suitability solution product upsells,
Slide 4: Q1 2023 Revenue Growth Drivers
Q1 2023 Revenue Growth Drivers Key Drivers Activation Measurement Supply-Side Q1 ’23 TOTAL REVENUE GROWTH OF 27% +32% +22% +15% year-over- year-over- year-over- Authentic Brand Suitability year growth year growth year growth $69.9 M $41.4 M Social measurement $53.0 M $33.8 M $11.3 M New Client Growt
Slide 5: Customer Wins and KPIs
Customer Wins and KPIs Key New Business Wins Key Performance Indicators WIN RATE GREENFIELD New Social Activation Customers +80% +67% +65 New social activation customers since launching our pre-campaign social activation solutions in 2022 Select New logos Notable Expansions +60 New EMEA Customers Ne
Slide 6: Three Key Differentiators
Three Key Differentiators Scale Innovation Trust SOCIAL +33% measurement volumes Proprietary Data Science powers DV’s AI and ML Comprehensive suite of accreditations CTV Launched DV Universal Ranked in the top 1% of all data +39% measurement volumes Attention Segments (pre-bid Attention Activation)
Slide 7: Q1 2023 Financial Highlights
Q1 2023 Financial Highlights $123 27% $21 MILLION GROWTH MILLION Total Total Revenue Net Cash from Revenue Growth Operating Activities $36 29% $0 MILLION MARGIN DEBT Adjusted Adjusted EBITDA No long-term EBITDA Margin debt 6
Slide 8: Q1 2023 Revenue Growth Drivers
Q1 2023 Revenue Growth Drivers Business Line Contribution to Total Revenue Advertiser Revenue Growth Drivers Q1 ’23 ADVERTISER REVENUE GROWTH OF 28% Activation 57% 91% VOLUME (MTM) PRICE (MTF) Measurement 34% Supply-side 9% of total revenue came from Advertiser Revenue (Activation + Measurement) +25
Slide 9: Q2 & FY 2023 Guidance
Q2 & FY 2023 Guidance VISION Q2 2023 Guidance FY 2023 Guidance Revenue Revenue $131 M - $135 M +21% $557 M - $569 M +24% 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 $37 M - $39 M 29% $171 M - $179 M 31%
Slide 10: Key Business Terms
Key Business Terms • Activation revenue is generated from the evaluation, verification and measurement of advertising impressions purchased through programmatic demand-side and social media platforms. • Measurement revenue is generated from the verification and measurement of advertising impressions
Slide 11: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation Three Months Ended March 31, 2023 2022 (In Thousands) Net income $ 12,175 $ 4,579 Net income margin 10% 5% Depreciation and amortization 8,983 9,040 Stock-based compensation 11,813 10,994 Interest expense 256 232 Income tax expense (benefit) 5,507 (1,998) M
Slide 12: Non-GAAP Financial Measures Reconciliation
Non-GAAP Financial Measures Reconciliation a) M&A and restructuring costs for the three months ended March 31, 2022 consist of transaction costs, integration and restructuring costs related to the acquisition of OpenSlate. b) Offering, IPO readiness and secondary offering costs for the three months
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