NASDAQ$IAS
Integral Ad Science Holding Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported strong fourth-quarter performance with revenue increase and adjusted EBITDA margin.
IAS reported a 14% increase in fourth-quarter revenue to $134.3 million and a 19% increase in adjusted EBITDA to $47.5 million. The company's social media revenue increased by 37% during the quarter. IAS expects to deliver double-digit revenue growth for the full year 2024.
- Total revenue increased by 14% year-over-year to $134.3 million.
- Net income was $10.2 million, representing an 8% margin.
- Adjusted EBITDA increased by 19% year-over-year to $47.5 million, with a 35% margin.
- Social media revenue grew by 37%.
Headline financials
Revenue & EPS history
IAS · Revenue · Quarterly
$134M
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 provided financial outlook for the first quarter and full year 2024, expecting revenue growth and profitability to ramp up throughout the year.
Tailwinds
- Total revenue of $111 million to $113 million for Q1 2024.
- Adjusted EBITDA of $28 million to $30 million for Q1 2024.
- Total revenue of $530 million to $540 million for the full year 2024.
- Adjusted EBITDA of $171 million to $179 million for the full year 2024.
- Expects to ramp both revenue growth and profitability from forecasted first quarter levels as new products become available.
Headwinds
- IAS is unable to provide a reconciliation for forward-looking guidance of Adjusted EBITDA to net income (loss)
- Certain material reconciling items, such as depreciation and amortization, interest expense, income tax expense (benefit), restructuring and severance costs, and acquisition and integration costs, cannot be estimated due to factors outside of IAS's control
- Estimates stock-based compensation expense for the first quarter of 2024 in the range of $14 million to $16 million
- Estimates stock-based compensation expense for the full year 2024 in the range of $72 million to $76 million
- A reconciliation is not available without unreasonable effort.
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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