By Denny Jacob
DoubleVerify Holdings shares rose 11% in premarket trading following a partnership with Lyft and providing guidance for the year.
Shares were trading around $16.56. The stock is down about 22% on the year.
The advertising data-software company announced a partnership with the rideshare company Lyft to leverage its media-verification capabilities across its advertising platform. The companies said they expect the partnership to go live within the coming weeks but didn't disclose any financial terms.
DoubleVerify in a separate announcement issued guidance for the second quarter and 2025. The company forecast revenue between $180 million and $184 million for the quarter, above the consensus estimate of $171.1 million of analysts polled by FactSet.
For 2025, the company now sees revenue growth of about 13% year-over-year, compared with an earlier forecast calling for about 10% growth.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
June 11, 2025 09:13 ET (13:13 GMT)
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