DoubleVerify Stockholders Approve Nielsen Merger

The Tip Desk · October 30, 2026 · 2 min read

Third-quarter revenue reached $205.6 million as year-over-year growth reaccelerated after a 3% increase in the second quarter.

DoubleVerify Holdings (DV), the digital media measurement software company, reported third-quarter revenue of $205.6 million, a 9% increase from a year earlier, after a 3% year-over-year rise in the second quarter.

The company said the rebound was driven by social and CTV growth. Activation revenue, the largest line, was $117.6 million, up 10% after a 1% year-over-year decline in the prior quarter. Measurement revenue was $69.1 million, up 8%. Supply-side revenue was $18.9 million, up 5%.

Within measurement, social measurement revenue increased 20% year-over-year, international measurement revenue increased 16%, and media transactions measured for CTV increased 22%. Those CTV and social rates were slower than the 28% and 23% year-over-year increases reported in the first quarter.

Net income was $15.9 million, or $0.10 a share, compared with $10.2 million, or $0.06 a share, a year earlier. Adjusted EBITDA was $75.4 million, a 37% margin, after a 34% adjusted EBITDA margin in the second quarter. Non-GAAP diluted earnings were $0.25 a share.

The company recorded $2.9 million of M&A and restructuring costs in the quarter, which it said consisted of transaction costs in connection with the merger agreement. Other costs of $0.8 million related to litigation and regulatory matters outside the ordinary course.

Free cash flow was $45.7 million, with 61% conversion, compared with $39.0 million and 59% conversion a year earlier. Cash and cash equivalents were $250.9 million as of September 30, 2026, with no debt outstanding.

On August 6, 2026, DV entered a merger agreement with Neptune BidCo US Inc., parent of the Nielsen Company (US), LLC, under which a merger sub would merge with and into DV, leaving DV as a wholly owned subsidiary of Parent. On October 29, 2026, stockholders adopted the agreement at a special meeting; about 94% of votes cast were in favor, representing over 75% of issued and outstanding shares as of the September 28, 2026 record date.

The company said it continues to expect the transactions to close by the first quarter of 2027, subject to customary closing conditions. In light of the pending deal, DV suspended future earnings and investor calls and withdrew all previously issued financial outlook and guidance for the duration of the transactions’ pendency. Future updates, it said, will come through press releases and regulatory filings.

Recent product work included launching Ask Neura, a conversational AI experience in DV Pinnacle, announcing global availability of independent media quality measurement on TikTok Pangle, and launching attribution measurement and brand suitability evaluation pilots for ChatGPT Ads.