Core Insights - Integral Ad Science (IAS) reported a revenue of $154.36 million for Q3 2025, marking a year-over-year increase of 15.6% [1] - The earnings per share (EPS) for the same period was $0.07, down from $0.10 a year ago, indicating a decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $149.4 million by 3.32%, while the EPS fell short of the consensus estimate of $0.09 by 22.22% [1] Revenue Breakdown - Optimization revenue reached $73.7 million, surpassing the estimated $69.96 million, reflecting a year-over-year increase of 20.6% [4] - Publisher revenue was reported at $23.5 million, exceeding the average estimate of $21.97 million, with a year-over-year growth of 20.5% [4] - Measurement revenue stood at $57.1 million, slightly below the average estimate of $57.23 million, but still showing a year-over-year increase of 7.9% [4] Stock Performance - Over the past month, shares of Integral Ad Science have returned +0.2%, compared to a +2.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

分组1 - Integral Ad Science (IAS) reported quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.09 per share, and down from $0.10 per share a year ago, representing an earnings surprise of -22.22% [1] - The company posted revenues of $154.36 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.32%, and up from $133.53 million year-over-year [2] - IAS has surpassed consensus revenue estimates four times over the last four quarters, indicating a positive trend in revenue performance [2] 分组2 - The stock has underperformed the market, losing about 2.1% since the beginning of the year compared to the S&P 500's gain of 16.5% [3] - The current consensus EPS estimate for the coming quarter is $0.13 on revenues of $169.58 million, and for the current fiscal year, it is $0.35 on revenues of $602.2 million [7] - The Advertising and Marketing industry, to which IAS belongs, is currently in the bottom 42% of the Zacks industry rankings, which may impact stock performance [8]

Financial Performance - Revenue for Q3 2025 reached $154,358,000, a 15.5% increase from $133,528,000 in Q3 2024[11] - Operating income for Q3 2025 was $7,574,000, down 62.6% from $20,187,000 in Q3 2024[11] - Net income for Q3 2025 was $7,045,000, a decrease of 56.3% compared to $16,089,000 in Q3 2024[11] - Net income for the nine months ended September 30, 2025, was $31,446,000, an increase of 39.5% compared to $22,524,000 for the same period in 2024[21] - Net income for the three months ended September 30, 2025, was $7,045 million, compared to $16,089 million for the same period in 2024, representing a decline of approximately 56.3%[105] - Net income decreased by $9.0 million, or 56%, for the three months ended September 30, 2025, compared to the same period in 2024[161] - The net income for the nine months ended September 30, 2025, was $31.4 million, compared to $22.5 million for the same period in 2024, representing an increase of 39.8%[200][201] Revenue Breakdown - Total revenue for the three months ended September 30, 2025, was $154.36 million, a 15.5% increase from $133.53 million in the same period of 2024[55] - Optimization revenue reached $73.72 million for the three months ended September 30, 2025, up 20.6% from $61.12 million in 2024[55] - Measurement revenue increased to $57.13 million for the three months ended September 30, 2025, compared to $52.90 million in 2024, reflecting a growth of 8.3%[55] - Total revenue increased by $20.8 million, or 16%, for the three months ended September 30, 2025, compared to the same period in 2024[162] - Optimization revenue rose by $12.6 million, or 21%, reflecting a 15% increase in average CPMs[164] - Publisher revenue surged by $15.6 million, or 29%, primarily due to the growth of Publica[175] Operating Expenses - Operating expenses for Q3 2025 totaled $146,784,000, up from $113,341,000 in Q3 2024, reflecting a 29.5% increase[11] - Total operating expenses increased by $33.4 million, or 30%, for the three months ended September 30, 2025[161] - Operating expenses increased by $19.4 million, or 24%, mainly due to higher hosting fees and revenue share to DSP partners[176] - General and administrative expenses grew by $15.1 million, or 21%, largely due to increased professional services and compensation expenses[180] Cash and Assets - Total assets increased to $1,207,818,000 as of September 30, 2025, up from $1,151,571,000 at the end of 2024[9] - Cash and cash equivalents rose to $129,204,000, a significant increase from $84,469,000 at the end of 2024[9] - Cash, cash equivalents, and restricted cash at the end of the period totaled $131,940,000, up from $59,607,000 at the end of September 2024, reflecting a year-over-year increase of 121.1%[21] - As of September 30, 2025, cash and cash equivalents totaled $129.2 million, with total noncancellable purchase commitments related to hosting services amounting to $376.8 million[189][190] Merger and Acquisition - The company entered into a Merger Agreement with Igloo Group Parent, Inc., with each share of common stock to be converted into cash of $10.30 upon completion of the merger[25][26] - The merger is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approvals[28] - The company is involved in a merger agreement with Vista Equity Partners, with stockholders agreeing to vote in favor of the merger, indicating strategic expansion plans[112] - The company has highlighted risks associated with the merger, including potential delays and regulatory approvals, which could impact business operations and stock price[117] Foreign Exchange and Currency - The company reported a foreign exchange loss of $667,000 in Q3 2025, compared to a gain of $2,607,000 in Q3 2024[11] - The company reported a foreign exchange loss of $7,723,000 for the nine months ended September 30, 2025, compared to a loss of $1,775,000 in 2024, highlighting challenges in currency fluctuations[38] - The company reported unrealized foreign currency gains of $7.7 million for the nine months ended September 30, 2025, compared to $1.8 million in 2024, showing a significant increase of 328.9%[200][201] Stock-Based Compensation - Total stock-based compensation expense for the three months ended September 30, 2025 was $22,625, compared to $16,443 for the same period in 2024, reflecting an increase of 37.4%[83] - The total number of Time-Based Options outstanding as of September 30, 2025, was 2,149,893, while Return-Target Options outstanding were 1,220,893[88] - The Company recorded $23,450,000 of stock-based compensation expense related to Return-Target Options during Q2 2023[87] Customer Metrics - Net revenue retention of advertising customers increased to 111% for the trailing-twelve-month period ended September 30, 2025, up from 108% in the prior year, driven by a 13% growth in advertising revenue[146] - The total number of large advertising customers rose to 248 as of September 30, 2025, compared to 232 in the previous year, with these customers representing 87% of total advertising revenue[147] Economic Conditions - The company has not experienced material impacts from macroeconomic conditions in the first nine months of 2025, despite ongoing economic uncertainties[132]

Financial Performance - Total revenue increased 16% to $154.4 million compared to $133.5 million in the prior-year period[2] - Net income was $7.0 million, or $0.04 per share, down from $16.1 million, or $0.10 per share, in the prior-year period, resulting in a net income margin of 5%[6] - Adjusted EBITDA rose 9% to $55.3 million, with an adjusted EBITDA margin of 36% for the third quarter of 2025[6] - Optimization revenue increased 21% to $73.7 million, while measurement revenue grew 8% to $57.1 million[6] - International revenue, excluding the Americas, was $44.1 million, an 8% increase, representing 29% of total revenue for the quarter[6] - Gross profit was $118.8 million, a 12% increase, with a gross profit margin of 77%[6] - Net income for the three months ended September 30, 2024, was $16,089,000, compared to $7,045,000 for the same period in 2025, reflecting a decrease of 61.5%[20] - Adjusted EBITDA for the nine months ended September 30, 2024, was $148,364,000, up from $129,922,000 in 2025, representing an increase of 14.1%[20] - Revenue for the three months ended September 30, 2024, was $133,528,000, compared to $154,358,000 in 2025, indicating a decrease of 13.5%[20] - Cash provided by operating activities for the nine months ended September 30, 2024, was $50,250,000, compared to $109,719,000 in 2025, showing a decrease of 54.3%[15] - The company reported a net increase in cash, cash equivalents, and restricted cash of $42,241,000 for the nine months ended September 30, 2024, compared to a decrease of $67,570,000 in 2025[15] - Stock-based compensation for the nine months ended September 30, 2024, was $47,178,000, compared to $56,994,000 in 2025, reflecting an increase of 20.7%[20] - The company experienced a foreign currency gain of $7,723,000 in 2025, compared to a loss of $1,775,000 in 2024[15] - The net income margin for the three months ended September 30, 2024, was 12%, while the adjusted EBITDA margin was 38%[20] Corporate Developments - IAS announced the expansion of Total Media Quality (TMQ) for Meta Threads to enhance brand safety measurement[6] - IAS was selected by TikTok to launch new Brand Safety Features for advertisers on TikTok Pangle[6] - The company entered into a definitive agreement to be acquired by Novacap in an all-cash transaction[5] - The company is currently undergoing a merger with Novacap, which may impact future operations and financial performance[22] - The Company is involved in a proposed transaction with Novacap, with a preliminary information statement filed with the SEC[25] - Stockholders are encouraged to read the definitive information statement regarding the proposed transaction when available, as it will contain important information[26] - Free copies of the documents filed with the SEC can be obtained from the SEC's website or the Company's Investor Relations page[27] Cash and Equity - Cash and cash equivalents were $129.2 million as of September 30, 2025, up from $84.5 million at the end of 2024[8] - Total stockholders' equity increased to $982,487,000 as of September 30, 2024, from $947,576,000 as of June 30, 2024, marking a growth of 3.7%[13]

Core Insights - Integral Ad Science (IAS) reported a total revenue increase of 16% to $154.4 million for Q3 2025, compared to $133.5 million in the same period last year [5] - The company achieved a net income of $7.0 million, reflecting a net income margin of 5%, down from $16.1 million and a margin of 12% in the prior-year period [5][13] - Adjusted EBITDA rose by 9% to $55.3 million, with an adjusted EBITDA margin of 36% for the third quarter of 2025 [5][13] Financial Performance - Total revenue for Q3 2025 was $154.4 million, a 16% increase from $133.5 million in Q3 2024 [5] - Optimization revenue increased by 21% to $73.7 million, while measurement revenue grew by 8% to $57.1 million [5] - Publisher revenue also saw a 21% increase, reaching $23.5 million [5] - Gross profit was $118.8 million, a 12% increase from $106.2 million, resulting in a gross profit margin of 77% [5] Business Developments - IAS announced a definitive agreement to be acquired by Novacap in an all-cash transaction, which is expected to close by November 2025 [3][2] - The company will not host a quarterly earnings conference call or provide a financial outlook due to the acquisition announcement [3] - Recent partnerships include expanding Total Media Quality (TMQ) for Meta Threads and launching new Brand Safety Features for TikTok Pangle [5][21] Balance Sheet Highlights - As of September 30, 2025, IAS reported cash and cash equivalents of $129.2 million, up from $84.5 million at the end of 2024 [4] - Total assets increased to $1,207.8 million from $1,151.6 million at the end of 2024 [4] - Total liabilities decreased to $102.9 million from $143.6 million [6] Stockholder Equity - Total stockholders' equity rose to $1,105.0 million as of September 30, 2025, compared to $1,008.0 million at the end of 2024 [6] - The number of shares outstanding increased to 166.9 million from 162.9 million [6]

Core Insights - Integral Ad Science (IAS) has integrated with TikTok Pangle to enhance brand safety features, viewability, and invalid traffic measurement for advertisers on the TikTok ad network [1][3]. Group 1: Brand Safety and Measurement Features - The new brand safety features provide advertisers with independent and trusted third-party measurement across TikTok's offerings, including Pangle's extensive app network [3][8]. - IAS's Post-Bid Measurement for TikTok Pangle allows global advertisers to utilize AI-driven Total Media Quality (TMQ) for post-bid measurement, enhancing their advertising strategies [2][4]. Group 2: Partnership and Historical Context - This announcement builds on the existing partnership between IAS and TikTok, which began with a pre-bid optimization product launched in 2021, and was expanded in April to include pre-bid Video Exclusion Lists [5][6]. - IAS aims to provide brands with greater transparency in their digital media spending, enabling them to scale campaigns confidently [3][6]. Group 3: Global Reach and Impact - TikTok Pangle encompasses over 380,000 global apps, reaching a daily active user base of 2.9 billion, thereby offering significant advertising inventory across various regions [2][8]. - The integration supports advertisers in ensuring their ads appear in brand-safe environments, adhering to industry standards [8].

Core Viewpoint - Kaskela Law LLC is investigating the proposed buyout of Integral Ad Science (IAS) by Novacap to assess the fairness of the transaction for the company's investors [1][2]. Group 1: Transaction Details - IAS announced an agreement to be acquired by Novacap at a price of $10.30 per share in cash on September 24, 2025 [1]. - Following the transaction's closing, IAS shareholders will be cashed out and will not benefit from any future financial upside [1]. Group 2: Concerns Raised - The investigation has identified significant conflicts of interest in the transaction, suggesting that the sales process and consideration may be unfair to investors [2]. - Analysts had set price targets for IAS shares above $13.50 at the time of the announcement, indicating that the buyout price may be undervalued [2]. Group 3: Investor Actions - IAS shareholders who believe the buyout price is too low are encouraged to contact Kaskela Law LLC to discuss their legal rights and options regarding the transaction [3]. - Kaskela Law LLC has a track record of recovering over $500 million for investors since 2020 [3].

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the buyout of Integral Ad Science (IAS) by Novacap at a price of $10.30 per share, amid concerns that the buyout price may not reflect the true value of the company as indicated by analysts' price targets exceeding $13.50 per share [1][3]. Group 1 - IAS announced an agreement to be acquired by private equity firm Novacap for $10.30 per share in cash, resulting in shareholders being cashed out and the company's shares ceasing to be publicly traded [2]. - The investigation aims to assess whether IAS investors are receiving adequate monetary consideration for their shares and if the company's officers or directors violated fiduciary duties or securities laws in the buyout agreement [3]. - Analysts had set price targets for IAS shares above $13.50 at the time of the buyout announcement, raising questions about the fairness of the offered price [3].

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the proposed buyout of Integral Ad Science (IAS) by Novacap at a price of $10.30 per share, as concerns arise regarding whether shareholders are receiving adequate compensation and if there were any breaches of fiduciary duties by the company's officers or directors [1]. Summary by Relevant Sections - **Acquisition Details** - IAS announced an agreement to be acquired by Novacap for $10.30 per share in cash on September 24, 2025 [1]. - Post-transaction, IAS shareholders will be cashed out and the company's shares will cease to be publicly traded [1]. - **Investigation Focus** - The investigation aims to assess if IAS investors are receiving sufficient monetary consideration for their shares [1]. - It also seeks to determine if there were any breaches of fiduciary duties or violations of securities laws related to the buyout price [1]. - **Market Context** - At the time of the announcement, several stock analysts had price targets for IAS shares exceeding $13.50 per share, indicating potential undervaluation in the buyout offer [1].

Core Insights - Class Action Attorney Juan Monteverde and Monteverde & Associates PC are investigating Integral Ad Science Holding Corp. regarding its proposed sale to affiliates of Novacap Management Inc. [1] - Under the terms of the proposed transaction, Integral stockholders will receive $10.30 in cash per share [1] Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has a successful track record in recovering money for shareholders [1][2] - The firm operates from the Empire State Building in New York City and has experience in trial and appellate courts, including the U.S. Supreme Court [2] Legal Services - The firm offers free consultations for shareholders who have concerns regarding their investments in Integral Ad Science Holding Corp. [1][2] - Contact information for Juan Monteverde is provided for shareholders seeking additional information [3]