DoubleVerify Holdings, Inc. (NYSE:DV) Q1 2022 Results Conference Call May 10, 2022 4:30 PM ET

Company Participants

Tejal Engman - SVP, IR

Mark Zagorski - CEO

Nicola Allais - CFO

Conference Call Participants

Arjun Bhatia - William Blair

Youssef Squali - Truist Securities

Andrew Boone - JMP Securities

Justin Patterson - KeyBanc

Frank Surace - Barclays

Michael Graham - Canaccord

Dan Salmon - BMO Capital Markets

Mark Kelley - Stifel

Mark Murphy - JPMorgan

Operator

Greetings. Welcome to DoubleVerify's First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

At this time, I'll now turn the conference over to Tejal Engman with Investor Relations. Tejal, you may now begin.

Tejal Engman

Good afternoon, and welcome to DoubleVerify's First 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 the 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 thank you all for joining us today. I'm excited to discuss our strong first quarter performance and optimistic outlook on the year ahead.

But before I do, let me reiterate our support for all of those affected by the heartbreaking conflict in the Ukraine. We continue to support humanitarian relief efforts in Ukraine and have voluntarily discontinued services with Russia-based clients. With information wars raging across the worldwide web, we remain deeply committed to promoting truth and transparency and defunding this misinformation as we work toward making digital advertising stronger, safer and more secure.

Now turning to our results. We had a strong start to 2022 with an outstanding first quarter. Building on the solid organic growth we achieved in the full year 2021, we delivered nearly $97 million of revenue in Q1 2022, representing 43% year-over-year growth and the biggest first quarter in the history of the Company.