IAS Q3 2023 Earnings Report
Key Takeaways
IAS reported a 19% increase in total revenue to $120.3 million for Q3 2023. The company experienced a net loss of $13.7 million, or $0.09 per share, but adjusted EBITDA increased to $40.6 million. The company is raising its full year 2023 financial outlook based on positive third quarter performance and business momentum in the fourth quarter.
Total revenue increased 19% to $120.3 million compared to the prior-year period.
Optimization revenue increased 21% to $57.0 million compared to the prior-year period.
Measurement revenue increased 23% to $47.8 million compared to the prior-year period.
Adjusted EBITDA increased to $40.6 million, a 35% increase compared to the prior-year period.
IAS
IAS
IAS Revenue by Segment
IAS Revenue by Geographic Location
Forward Guidance
IAS is introducing financial outlook for the fourth quarter of 2023 and increasing its full year 2023 outlook for revenue and adjusted EBITDA.
Positive Outlook
- Total revenue of $130 million to $132 million for the fourth quarter ending December 31, 2023
- Adjusted EBITDA of $45 million to $47 million for the fourth quarter ending December 31, 2023
- Total revenue of $470 million to $472 million for the year ending December 31, 2023
- Adjusted EBITDA of $157 million to $159 million for the year ending December 31, 2023
Revenue & Expenses
Visualization of income flow from segment revenue to net income