Integral Ad Science Holding Corp. (NASDAQ:IAS) Q4 2022 Earnings Conference Call March 2, 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

Mark Kelley – Stifel

James Heaney – Jefferies

Brian Fitzgerald – Wells Fargo

Andrew Marok – Raymond James

Ian Peterson – Evercore

Operator

Thank you for standing by, and welcome to IAS Fourth Quarter and Full Year 2022 Financial Results Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] I would now like to hand the call over to Jonathan Schaffer, Vice President, Investor Relations. Please go ahead.

Jonathan Schaffer

Thank you. Good afternoon, and welcome to the IAS 2022 fourth quarter and full year 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 2022 fourth quarter and full year call. We reported a strong fourth quarter with revenue growth of 15% at a 34% adjusted EBITDA margin. Revenue of $117.4 million exceeded our forecast of $111 million to $113 million. For the full year, revenue grew 26% to $408.3 million at a 31% adjusted EBITDA margin. Today’s results demonstrate our ability to deliver profitable growth at greater scale.

I am proud of the entire IAS team for what we accomplished together in 2022. By prioritizing technology and product innovation, superior customer service, and deep partner integrations, we ended the year with positive business momentum heading into 2023.

Let me start with a few highlights from 2022. We invested in our platform partnerships and product expansion in programmatic, social, and connected TV. We signed 12 new global partnerships, broadening our measurement capabilities and reach to benefit our marketers. In 2022, we won several large multi-year deals including JP Morgan Chase, LinkedIn, Progressive, and Kimberly-Clark. Today, we are excited to announce several new competitive wins that reinforce our standing in the market as a leading provider and formidable competitor. Ford, Hershey, Bel and Kering selected IAS after extensive tech and product due diligence versus other competitors.