Shares of digital media analytics firm DoubleVerify (DV.N) down 17.7% before the bell to $17.88, nearly 4-mth low, after qtrly results, forecasts were shy of Wall Street’s expectations New York-based firm late Thurs posted Q4 rev growth of 11% y/y to $190.6 mln and adj EBITDA of $73.8 mln, both below LSEG estimates of $196.9 mln and $76.5 mln, respectively
Co said expected acquisition of Rockerbox helps it expand into mid-market, direct response advertisers, and that it’s optimistic about future growth opportunities
For current qtr, it sees Q1 rev of $151-$155 mln and adj EBITDA of $37-41 mln. Analysts expected rev of $157.5 mln and EBITDA of $42.8 mln
It projected 2025 rev growth of ~10%, or about $722.5 mln, vs consensus view of $746.5 mln
At least 5 brokerages cut their PTs after the report, including Wells Fargo ($14 from $15), Stifel ($20 from $22) and Raymond James ($22 from $25)
Of 23 brokerages covering DV, recommendation breakdown is 15 “strong buy” or “buy”, 6 “hold” and 2 “sell”; median PT is $22
Through Thurs close, stock up 13% YTD, but has shed ~45% over the past 12 months (Lance Tupper is a Reuters market analyst. The views expressed are his own)

Shares of DoubleVerify fell 17.7% to $17.88 after Q4 results and guidance missed Wall Street expectations. The company reported Q4 revenue growth of 11% year-over-year to $190.6 million and adjusted EBITDA of $73.8 million, both below estimates. For Q1, it expects revenue of $151-$155 million and adjusted EBITDA of $37-41 million, also below analyst expectations. Five brokerages lowered their price targets following the report. Despite a 13% YTD increase, the stock has dropped approximately 45% over the past year.

- Shares of DoubleVerify fell 17.7% to $17.88 after quarterly results and forecasts missed Wall Street expectations.  
- The company reported Q4 revenue growth of 11% year-over-year at $190.6 million, below estimates, and projected Q1 revenue of $151-$155 million, also shy of analyst expectations.  
- Despite a positive outlook on future growth through the acquisition of Rockerbox, at least five brokerages lowered their price targets following the report.