Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>DoubleVerify Holdings, Inc. reported a first quarter 2026 revenue of $181 million, reflecting a 10% year-over-year growth driven primarily by its social verification and optimization solutions.</li><li>The company achieved an adjusted EBITDA margin of 31%, exceeding expectations, attributed largely to operational efficiencies powered by artificial intelligence (AI).</li><li>Advertiser growth was positive across major industry verticals, underpinned by diversification away from heavily impacted sectors such as retail and consumer packaged goods toward healthcare and technology.</li></ul>

DoubleVerify Holdings, Inc. reported a first quarter 2026 revenue of $181 million, reflecting a 10% year-over-year growth driven primarily by its social verification and optimization solutions.The company achieved an adjusted EBITDA margin of 31%, exceeding expectations, attributed largely to operational efficiencies powered by artificial intelligence (AI).Advertiser growth was positive across major industry verticals, underpinned by diversification away from heavily impacted sectors such as retail and consumer packaged goods toward healthcare and technology.

DoubleVerify’s $100 Million Buyback — A Pivotal Bet Amid Its AI Shift!

<ul><li>DoubleVerify delivered a mixed set of outcomes, reflecting a combination of resilient operating fundamentals and near-term demand variability across certain verticals.</li><li>Revenue growth remained positive but moderated, with fourth-quarter performance impacted by unexpected pullbacks in retail advertising spend, particularly tied to agency transitions among specific customers.</li><li>While management emphasized that there was no broad-based reduction in demand or loss of major clients, the episodic nature of these pullbacks highlights some sensitivity to customer-specific budget dynamics and sector-level volatility.</li></ul>

DoubleVerify delivered a mixed set of outcomes, reflecting a combination of resilient operating fundamentals and near-term demand variability across certain verticals.Revenue growth remained positive but moderated, with fourth-quarter performance impacted by unexpected pullbacks in retail advertising spend, particularly tied to agency transitions among specific customers.While management emphasized that there was no broad-based reduction in demand or loss of major clients, the episodic nature of these pullbacks highlights some sensitivity to customer-specific budget dynamics and sector-level volatility.

DoubleVerify: Scalable Business Model & Emerging AI Demand—A Balanced Growth Story Taking Shape!

<ul><li>DoubleVerify Holdings (DV) reported notable growth in its second quarter of 2025, with revenues rising by 21% to $189 million, surpassing the company's previously revised guidance.</li><li>This result reflects broad-based expansion across DV's three key revenue areas: activation, measurement, and supply side.</li><li>The advertiser business, representing 91% of the company's total revenue, also mirrored this robust growth rate of 21%, marking its strongest quarterly growth since late 2023.</li></ul>

DoubleVerify Holdings (DV) reported notable growth in its second quarter of 2025, with revenues rising by 21% to $189 million, surpassing the company's previously revised guidance.This result reflects broad-based expansion across DV's three key revenue areas: activation, measurement, and supply side.The advertiser business, representing 91% of the company's total revenue, also mirrored this robust growth rate of 21%, marking its strongest quarterly growth since late 2023.

DoubleVerify Is Winning With Programmatic Ads — But How Far Can Flexible Pricing Take It?

<ul><li>DoubleVerify, a company providing digital media measurement solutions, concluded 2024 with several notable achievements and a number of challenges that shape both its financial performance and future outlook.</li><li>Overall, DoubleVerify delivered substantial growth in revenue, achieving a 15% year-over-year increase to $657 million.</li><li>This growth was driven by significant momentum across its three main revenue streams.</li></ul>

DoubleVerify, a company providing digital media measurement solutions, concluded 2024 with several notable achievements and a number of challenges that shape both its financial performance and future outlook.Overall, DoubleVerify delivered substantial growth in revenue, achieving a 15% year-over-year increase to $657 million.This growth was driven by significant momentum across its three main revenue streams.

DoubleVerify Just Partnered With Meta and TikTok—Is This the Ultimate Social Media Power Play?

<ul><li>DoubleVerify's third-quarter 2024 financial results reveal a company navigating a complex landscape yet reporting solid growth and profitability.</li><li>DoubleVerify, which offers software for digital media measurement and analytics, saw its revenue increase by 18% year-over-year, demonstrating resilience despite notable challenges such as reductions in ad spending by significant customers and shifts from open exchange programmatic spending.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

DoubleVerify's third-quarter 2024 financial results reveal a company navigating a complex landscape yet reporting solid growth and profitability.DoubleVerify, which offers software for digital media measurement and analytics, saw its revenue increase by 18% year-over-year, demonstrating resilience despite notable challenges such as reductions in ad spending by significant customers and shifts from open exchange programmatic spending.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

DoubleVerify Holdings: Expanding Social Solutions To Possibly Disrupt the Market! - Major Drivers

United States

DoubleVerify Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides software platform for digital media measurement and analytics. DoubleVerify Holdings serves customers worldwide.

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DoubleVerify (DV US)

DoubleVerify’s $100 Million Buyback — A Pivotal Bet Amid Its AI Shift!

DoubleVerify Holdings, Inc. reported a first quarter 2026 revenue of $181 million, reflecting a 10% year-over-year growth driven primarily by its...

Baptista Research

DoubleVerify: Scalable Business Model & Emerging AI Demand—A Balanced Growth Story Taking Shape!

DoubleVerify delivered a mixed set of outcomes, reflecting a combination of resilient operating fundamentals and near-term demand variability...

Baptista Research

DoubleVerify Is Winning With Programmatic Ads — But How Far Can Flexible Pricing Take It?

DoubleVerify Holdings (DV) reported notable growth in its second quarter of 2025, with revenues rising by 21% to $189 million, surpassing the...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

DoubleVerify’s $100 Million Buyback — A Pivotal Bet Amid Its AI Shift!

DoubleVerify Holdings, Inc. reported a first quarter 2026 revenue of $181 million, reflecting a 10% year-over-year growth driven primarily by its...

Baptista Research

DoubleVerify: Scalable Business Model & Emerging AI Demand—A Balanced Growth Story Taking Shape!

DoubleVerify delivered a mixed set of outcomes, reflecting a combination of resilient operating fundamentals and near-term demand variability...

Baptista Research

DoubleVerify Is Winning With Programmatic Ads — But How Far Can Flexible Pricing Take It?

DoubleVerify Holdings (DV) reported notable growth in its second quarter of 2025, with revenues rising by 21% to $189 million, surpassing the...

Baptista Research

DoubleVerify Just Partnered With Meta and TikTok—Is This the Ultimate Social Media Power Play?

DoubleVerify, a company providing digital media measurement solutions, concluded 2024 with several notable achievements and a number of challenges...

Baptista Research

DoubleVerify Holdings: Expanding Social Solutions To Possibly Disrupt the Market! - Major Drivers

DoubleVerify's third-quarter 2024 financial results reveal a company navigating a complex landscape yet reporting solid growth and...

Baptista Research