DoubleVerify Holdings, Inc. (NYSE:DV) Q4 2023 Results Conference Call February 28, 2024 4:30 PM ET
Company Participants
Tejal Engman - Investor Relations
Mark Zagorski - Chief Executive Officer
Nicola Allais - Chief Financial Officer
Conference Call Participants
Matt Swanson - RBC Capital Markets
Justin Patterson - KeyBanc Capital Markets
Youssef Squali - Truist Securities
Arjun Bhatia - William Blair
Michael Graham - Canaccord Genuity
Andrew Boone - JMP Securities
Matthew Cost - Morgan Stanley
Brian Pitz - BMO Capital Markets
Brian Fitzgerald - Wells Fargo
Omar Dessouky - Bank of America
Laura Martin - Needham & Company
Arti Vula - JPMorgan
Operator
Greetings, and welcome to the DoubleVerify Fourth Quarter and Full-Year 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] And as a reminder, this conference is being recorded.
It is now my pleasure to introduce you, Tejal Engman, Investor Relations. Thank you, Tejal. You may begin.
Tejal Engman
Good afternoon, and welcome to DoubleVerify's fourth quarter and full-year 2023 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 annual report or our 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 good afternoon, everyone. 2023 was DV's third year as a public company and one where we continue to deliver industry-leading revenue and profitability growth fueled by AI powered product innovations that drove a higher ROI for our customers and accelerated DV's global client expansion trajectory and market share gains.
In 2023, we grew total revenue by 27% year-over-year to $572.5 million, and our platform measured over 7 trillion billable media transactions across a growing number of digital media properties, formats and devices. DV’s continued expansion into new global markets and media environments fueled over $120 million of incremental revenue during the year and established our scale as not only a market differentiator, but also a springboard for future revenue growth, especially internationally, where our measurement business grew over 40% last year.