Overview
IAS Q3 revenue grows 16% yr/yr to $154.4 mln, beating analyst expectations
Adjusted EBITDA for Q3 beats estimates, increasing to $55.3 mln
IAS in process of being bought by acquisition PE firm Novacap
Outlook
IAS will not provide a financial outlook due to pending acquisition by Novacap
Result Drivers
OPTIMIZATION REVENUE - Optimization revenue increased 21% to $73.7 mln, contributing significantly to overall revenue growth
PUBLISHER REVENUE - Publisher revenue rose 21% to $23.5 mln, supporting overall revenue increase
MEASUREMENT REVENUE - Measurement revenue grew 8% to $57.1 mln, adding to total revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $154.35 mln | $149.22 mln (14 Analysts) |
Q3 Net Income | $7.04 mln | ||
Q3 Adjusted EBITDA | Beat | $55.30 mln | $52.23 mln (13 Analysts) |
Q3 Gross Margin | 77% | ||
Q3 Basic EPS | $0.04 | ||
Q3 Operating Income | $7.57 mln | ||
Q3 Pretax Profit | $8.16 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advertising & marketing peer group is "buy."
Wall Street's median 12-month price target for Integral Ad Science Holding Corp is $10.30, about 0.8% above its November 3 closing price of $10.22
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago
Press Release: ID:nPn5wZSgba
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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