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Sep 30, 2024
IAS Q3 2024 Earnings Report
IAS increased revenue at a double-digit rate driven by industry-leading products and new customers, with strong adjusted EBITDA performance.
Key Takeaways
IAS reported an 11% increase in total revenue to $133.5 million for Q3 2024. Net income was $16.1 million, representing a 12% margin, and adjusted EBITDA increased to $50.6 million, resulting in a 38% margin.
Total revenue increased by 11% year-over-year to $133.5 million.
Net income reached $16.1 million, with a 12% margin.
Adjusted EBITDA increased to $50.6 million, achieving a 38% margin.
IAS announced first-to-market optimization solution for Meta.
IAS
IAS
Forward Guidance
IAS updated its financial outlook for the full year, reflecting its third quarter performance and anticipated advertising demand in the fourth quarter.
Positive Outlook
- Total revenue of $148 million to $150 million for Q4 2024.
- Adjusted EBITDA of $55 million to $57 million for Q4 2024.
- Total revenue of $525 million to $527 million for the year ending 2024.
- Adjusted EBITDA of $185 million to $187 million for the year ending 2024.
- Healthy cash flows and low debt will continue to support business investments and growth.
Challenges Ahead
- Anticipated advertising demand in the fourth quarter is a factor in the updated financial outlook.
- The company is unable to provide a reconciliation for forward-looking guidance of adjusted EBITDA and corresponding margin to net income (loss) without unreasonable effort.
- Certain material reconciling items, such as depreciation and amortization, interest expense, income tax expense (benefit) and acquisition, restructuring and integration expenses, cannot be estimated due to factors outside of IAS's control.
- Stock-based compensation expense for the fourth quarter of 2024 is expected to be in the range of $15 million to $16 million.
- Stock-based compensation expense for the full year 2024 is expected to be in the range of $62 million to $63 million.