DoubleVerify Holdings, Inc. (NYSE:DV) Q3 2022 Earnings Conference Call November 8, 2022 4:30 PM ET
Company Participants
Tejal Engman - SVP, IR
Mark Zagorski - CEO
Nicola Allais - CFO
Conference Call Participants
Matt Swanson - RBC Capital
Andrew Boone - JMP Securities
Laura Martin - Needham & Company
Youssef Squali - Truist Securities
Arjun Bhatia - William Blair
Michael Graham - Canaccord
Vasily Karasyov - Cannonball Research
Arti Vula - JPMorgan
Mark Kelley - Stifel
Raimo Lenschow - Barclays
Justin Patterson - KeyBanc
Operator
Greetings, and welcome to the DoubleVerify Third Quarter 2022 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Tejal Engman, Investor Relations. Thank you. You may begin.
Tejal Engman
Good afternoon and welcome to DoubleVerify’s third quarter 2022 earnings conference call. With us today are Mark Zagorski, CEO, and Nicola Allais, CFO. Today’s press release and this call may contain forward-looking statements that are subject to inherent risks, uncertainties and changes, and reflect our current expectations and information currently available to us, and our actual results could differ materially. For more information, please refer to the risk factors in our recent SEC filings, including our form 10-Q and our annual report on Form 10-K.
In addition, our discussion today will include references to certain supplemental non-GAAP financial measures, and should be considered in addition to, and not as a substitute for, our GAAP results. Reconciliations to the most comparable GAAP measures are available in today’s earnings press release, which is available on our investor relations website at ir.doubleverify.com. Also, during the call today, we'll be referring to the slide deck posted on our website.
With that, I'll turn it over to Mark.
Mark Zagorski
Thanks, Tejal. And thanks everyone for joining us this evening. We delivered another record quarter with revenue growth of 35% above the top-end of the raised guidance we provided in August, and a testament to strength and resiliency of our business. Once again, all three of our revenue lines delivered double-digit growth.
We created greater value for our existing clients by upselling products and growing product usage across platforms and geographies, and also won a large roster of new clients who have steadily ramped up usage of DV’s solutions over the last twelve months.
We are raising our full year guidance to reflect 36% revenue growth and 31% adjusted EBITDA margins at the midpoint. In a year that has become increasingly challenging for global advertisers, DV continues to deliver strong growth plus substantial profitability, a rare combination in today's tumultuous public markets.