NASDAQ$IAS

Integral Ad Science Holding Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

IAS reported first quarter results with revenue exceeding expectations, driven by strong social media growth and strategic partnerships, while introducing positive second quarter outlook and raising full-year outlook.

Integral Ad Science (IAS) announced its first quarter 2024 financial results, with total revenue increasing by 8% to $114.5 million. The company reported a net loss of $1.3 million but highlighted an adjusted EBITDA of $33.1 million. IAS is introducing a positive outlook for the second quarter and raising its full-year outlook.

  • Total revenue increased 8% year-over-year to $114.5 million.
  • Measurement revenue grew 14% year-over-year to $46.3 million, driven by strong social media revenue growth.
  • Net loss was $1.3 million, with an adjusted EBITDA of $33.1 million.
  • IAS expanded partnerships with Meta, TikTok, Snap, and X, and announced integrations with Roblox and Netflix.

Headline financials

Total Revenue

$115M

Previous: $106M+8.0%
EPS (adj)

-$0.01

Previous: $0.02-150.0%
Adjusted EBITDA Margin

29.0%

Previous: 32.0%-9.4%
Capital Expenditures

-$10.3M

Previous: $1.28M-902.7%
Net Income

-$1.3M

Previous: $3.15M-141.3%
Operating Income

$537K

Previous: $9.59M-94.4%
Gross Profit

$88.4M

Previous: $84.4M+4.7%
R&D Expense

$18M

No prior period
Stock-Based Comp

$15.7M

Previous: $11.3M+39.2%

Revenue & EPS history

IAS · Revenue · Quarterly

$115M

Q1 2024+8%vs Q1 2023
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 2024 and raising its full year 2024 revenue and adjusted EBITDA outlook

Tailwinds

  • Total revenue of $125 million to $127 million for the second quarter ending June 30, 2024
  • Adjusted EBITDA of $37 million to $39 million for the second quarter ending June 30, 2024
  • Total revenue of $533 million to $541 million for the year ending December 31, 2024
  • Adjusted EBITDA of $174 million to $180 million for the year ending December 31, 2024
  • Expect to accelerate revenue growth and profitability from the first quarter in 2024

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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