Integral Ad Science Holding Corp. (NASDAQ:IAS) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET

Company Participants

Jonathan Schaffer - Vice President-Investor Relations

Lisa Utzschneider - Chief Executive Officer

Tania Secor - Chief Financial Officer

Conference Call Participants

Jason Helfstein - Oppenheimer

Brian Fitzgerald - Wells Fargo

James Heaney - Jefferies

Matt Cost - Morgan Stanley

Andrew Marok - Raymond James

Mark Kelley - Stifel

Justin Paterson - KeyBanc

Cal Bartyzal - Craig-Hallum Capital Group

Robert Zeller - Truist Securities

Mark Zgutowicz - The Benchmark Company

Operator

Good day, and thank you for standing by. Welcome to the IAS Q2 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today Jonathan Schaffer, Head of Investor Relations at IAS.

Jonathan Schaffer

Thank you. Good afternoon, and welcome to the IAS 2023 second quarter financial results conference call. I'm joined today by Lisa Utzschneider, CEO; and Tania Secor CFO. Before we begin, please note that today's call and prepared remarks contain forward-looking statements. We refer you to the company's filings with the SEC posted on our investor relations site at investors.integralads.com for more details about important risks and uncertainties that could cause actual results to differ materially from our expectations. We will also refer to non-GAAP measures on today's call. A reconciliation of non-GAAP measures to the most directly comparable GAAP measures is contained in today's earnings release available on our investor relations site. All financial comparisons unless noted otherwise are based on the prior-year period.

So with these formalities out of the way, I'd now like to turn the call over to our CEO, Lisa Utzschneider. Lisa you may begin.

Lisa Utzschneider

Thanks Jonathan, and welcome everyone to our 2023 second quarter results call. We reported positive second quarter performance with revenue of $113.7 million exceeding our prior outlook of $111 million to $113 million. Adjusted EBITDA increased to $37.4 million ahead of our prior outlook of $35 million to $37 million at a 33% margin. We expect continued revenue growth and strong profitability in the second half of the year, and we are raising the midpoint of our full-year revenue outlook to $462 million.

In June, we were delighted to host our first analyst and investor day. The event highlighted our talented IAS leadership team and showcased our differentiated technology through product demos of our Total Media Quality and CTV solutions. The day also featured partners including TikTok, Mindshare, and Haleon. IAS was thrilled to have these close partners participate as they affirmed our critical role in the digital media ecosystem.