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 is introducing financial outlook for the fourth quarter of 2023 and increasing its full year 2023 outlook for revenue and adjusted EBITDA.
Visualization of income flow from segment revenue to net income