Integral Ad Science (IAS) - 2025 Q2 - Quarterly Results

Financial Performance - Total revenue for Q2 2025 increased by 16% to $149.2 million compared to $129.0 million in Q2 2024[6] - Net income rose to $16.4 million, representing an 11% margin, up from $7.7 million in the prior-year period[6] - Adjusted EBITDA for Q2 2025 was $51.6 million, a 12% increase from $46.2 million in Q2 2024, with a margin of 35%[6] - Publisher revenue surged by 36% to $24.3 million compared to $17.8 million in the prior-year period[6] - International revenue, excluding the Americas, reached $43.5 million, an 8% increase, accounting for 29% of total revenue[6] - For the six months ended June 30, 2025, net income was $24,401,000, a significant increase from $6,435,000 for the same period in 2024[20] - Adjusted EBITDA for the six months ended June 30, 2025, was $93,094,000, compared to $79,275,000 for the same period in 2024, reflecting a year-over-year growth of 17.5%[25] - Revenue for the six months ended June 30, 2025, reached $283,270,000, up from $243,535,000 in the same period of 2024, indicating a growth of 16.3%[25] - The net cash provided by operating activities for the six months ended June 30, 2025, was $58,766,000, compared to $24,802,000 in 2024, representing an increase of 136.5%[20] - Total stockholders' equity as of June 30, 2025, was $1,073,618,000, up from $947,576,000 as of June 30, 2024, showing an increase of 13.3%[19] - The company reported a net income margin of 9% for the six months ended June 30, 2025, compared to 3% for the same period in 2024[25] - Stock-based compensation for the six months ended June 30, 2025, was $34,369,000, an increase from $30,742,000 in 2024[25] - Cash, cash equivalents, and restricted cash at the end of the period on June 30, 2025, were $93,653,000, compared to $73,375,000 at the end of June 30, 2024[20] - The company experienced a foreign currency translation adjustment gain of $5,112,000 for the six months ended June 30, 2025[16] Strategic Partnerships and Initiatives - The company announced a first-to-market partnership with Lyft for media buy validation and a strategic partnership with Snap for customized attention measurement[6] - IAS raised its full year 2025 revenue outlook to between $597 million and $605 million, and adjusted EBITDA outlook to between $208 million and $214 million[9] - The company plans to continue focusing on enhancing its media measurement and optimization platform to drive superior results for advertisers and publishers[27] Risks and Forward-Looking Statements - The company emphasizes that forward-looking statements are subject to various risks and uncertainties, which may cause actual results to differ materially from expectations[28] - Key risks include macroeconomic factors, competition, and the ability to maintain profitability and revenue growth rates[28] - The company highlights the importance of innovation and investment decisions in driving future performance[28] - There is a focus on the company's ability to expand internationally and into new channels as part of its growth strategy[28] - The company acknowledges the potential impact of public health crises and natural disasters on its operations[29] - The forward-looking statements are derived from operating budgets and forecasts based on detailed assumptions[30] - The company does not undertake any obligation to update or revise forward-looking statements unless required by law[30] Corporate Governance - IAS expanded its credit facility, increasing borrowing capacity at more favorable rates, and exited the quarter debt-free[7] - The company received the first Ethical Artificial Intelligence Certification from the Alliance for Audited Media in July 2025[6] - The company is committed to maintaining its corporate culture and protecting its intellectual property rights[29] - Investor and media contacts are provided for further inquiries[31]