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Investing.com -- DoubleVerify Holdings Inc (NYSE:DV) stock jumped 4.9% after the digital media measurement company raised its second quarter revenue and profit outlook. The company also announced a partnership with Lyft , using its capabilities across Lyyft’s advertising platform.
The company now expects revenue of $180 to $184 million for the second quarter, representing a 17% YoY increase at the midpoint. DoubleVerify also updated its adjusted EBITDA guidance to between $52 to $56 million, reflecting a 30% margin at the midpoint.
For the full year 2025, the company projects revenue growth of approximately 13% YoY, with an adjusted EBITDA margin of around 32%. The updated guidance suggests strong execution and sustained demand for the company’s measurement solutions.
In a separate announcement, DoubleVerify revealed a new partnership with rideshare company Lyft (NASDAQ:LYFT) to provide media verification capabilities across Lyft’s advertising platform. The partnership will give brands greater transparency into their ad campaigns through DV’s post-bid measurement tools.
The collaboration will enable advertisers to access viewability authentication, fraud verification, geographic targeting confirmation, and attention measurement for ads running on Lyft’s platform in North America.
"As marketers expand their investments in high-impact, in-app environments, transparency and trust are critical," said Mark Zagorski, CEO of DoubleVerify. "Our partnership with Lyft helps ensure that advertisers can measure quality, and drive performance with confidence."
The companies expect the partnership to go live within the coming weeks, with brands able to access measurement data through DV’s Pinnacle reporting platform.
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