NASDAQ$IAS

Integral Ad Science Holding Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Total revenue increased by 19% with net income also increasing, driven by strong demand and new customer acquisitions.

Integral Ad Science reported strong first quarter results with a 19% increase in total revenue to $106.1 million. Net income increased to $3.1 million, or $0.02 per share. The company is raising its full year financial outlook based on these results.

  • Total revenue increased 19% year-over-year to $106.1 million.
  • Net income increased to $3.1 million, or $0.02 per share.
  • Adjusted EBITDA increased to $34.1 million.
  • IAS is raising its full year financial outlook based on strong first quarter results and positive business trends.

Headline financials

Total Revenue

$106M

Previous: $89.2M+18.9%
EPS (adj)

$0.02

Previous: $0.01+100.0%
Gross Profit Margin

80.0%

No prior period
Net Income Margin

3.0%

No prior period
Adjusted EBITDA Margin

32.0%

No prior period
Capital Expenditures

$1.28M

Previous: $328K+290.9%
Free Cash Flow

$21.7M

Previous: $10.9M+99.6%
Net Income

$3.15M

Previous: $1.16M+171.4%
Operating Income

$9.59M

Previous: $3.41M+181.2%
Gross Profit

$84.4M

Previous: $72.7M+16.1%
Cash & Equivalents

$94.4M

Previous: $82.3M+14.8%
Total Assets

$1.16B

Previous: $1.15B+0.9%
Stock-Based Comp

$11.3M

Previous: $8.14M+38.9%

Revenue & EPS history

IAS · Revenue · Quarterly

$106M

Q1 2023+18.9%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

IAS · $120M total across 3 segments · Q3 2023

  • Optimization Revenue
    $57M
  • Measurement Revenue
    $47.8M
  • Publisher Revenue
    $15.5M

Forward guidance

IAS is introducing financial outlook for the second quarter of 2023 and increasing its full year 2023 outlook for revenue and adjusted EBITDA:

Tailwinds

  • Total revenue in the range of $111 million to $113 million for Q2 2023.
  • Adjusted EBITDA in the range of $35 million to $37 million for Q2 2023.
  • Total revenue in the range of $457 million to $465 million for the year ending December 31, 2023.
  • Adjusted EBITDA in the range of $147 million to $153 million for the year ending December 31, 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports

Historical avg

+3.2%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+3.8%

Avg return

30 days after

64%

14 / 22 earnings

Positive

+34.4%

Q3 2022

Best reaction

-40.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.0%+0.1%+0.3%
Q2 2025+13.0%+13.5%+9.8%
Q1 2025-0.2%-1.0%+1.2%
Q4 2024+9.0%
Q3 2024-15.2%
Q2 2024+11.3%
Q1 2024+13.9%
Q4 2023-40.7%
Q3 2023+20.8%
Q2 2023-19.4%
Q1 2023+6.4%
Q4 2022+13.2%
Q3 2022+34.4%
Q2 2022-7.5%
Q1 2021+5.8%
Q1 2022+5.8%
Q4 2019-1.5%
Q4 2021-1.5%
Q3 2021+7.9%
Q3 2020+7.9%
Q4 2020+3.5%
Q2 2021+3.5%
Q2 2020
Q1 2020

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