NASDAQ$IAS
Integral Ad Science Holding Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
IAS reported second quarter 2023 financial results, with revenue increasing 13% and net income of $7.7 million.
IAS reported a strong second quarter, exceeding expectations with a 13% increase in total revenue to $113.7 million. Net income reached $7.7 million, representing a 7% margin, and adjusted EBITDA increased to $37.4 million, a 33% margin.
- Total revenue increased by 13% to $113.7 million compared to the prior-year period.
- Optimization revenue increased 10% to $52.8 million compared to the prior-year period.
- Measurement revenue increased 23% to $44.9 million compared to the prior-year period.
- Net income was $7.7 million, or $0.05 per share, compared to $2.0 million, or $0.01 per share, in the prior-year period.
Headline financials
Revenue & EPS history
IAS · Revenue · Quarterly
$114M
Revenue by segment
IAS · $120M total across 3 segments · Q3 2023
- Optimization Revenue$57M—47.4%
- Measurement Revenue$47.8M—39.7%
- Publisher Revenue$15.5M—12.9%
Forward guidance
IAS introduced financial outlook for the third quarter of 2023 and increasing the midpoint of its full year 2023 outlook for revenue and adjusted EBITDA.
Tailwinds
- Total revenue of $112 million to $114 million for the third quarter of 2023.
- Adjusted EBITDA of $35 million to $37 million for the third quarter of 2023.
- Total revenue of $459 million to $465 million for the year ending December 31, 2023.
- Adjusted EBITDA of $149 million to $153 million for the year ending December 31, 2023.
- Stock-based compensation expense for the third quarter of 2023 is expected to be in the range of $13.0 million to $14.0 million.
Headwinds
- Macroeconomic factors including inflation, rising interest rates, and potential recession.
- Dependence on overall demand for advertising.
- Failure to innovate or make the right investment decisions.
- Failure to maintain or achieve industry accreditation standards.
- Intensely competitive market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports
+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
| Quarter | Report date | Reaction (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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