Integral Ad Science Holding Corp. (NASDAQ:IAS) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET

Company Participants

Jonathan Schaffer - Senior Vice President, Investor Relations
Lisa Utzschneider - Chief Executive Officer
Tania Secor - Chief Financial Officer

Conference Call Participants

Matt Farrell - Piper Sandler
Andrew Marok - Raymond James
James Heaney - Jefferies
Omar Dessouky - Bank of America
Brian Pitz - BMO
Matt Cost - Morgan Stanley
Robert Coolbrith - Evercore ISI
Youssef Squali - Truist Securities
Yun Kim - Loop Capital Markets

Operator

Good day and thank you for standing by. Welcome to the IAS Q3 2024 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's 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 first speaker today, Jonathan Schaffer, SVP of Investor Relations. Please go ahead.

Jonathan Schaffer

Thank you. Good afternoon, and welcome to the IAS 2024 third 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

Thank you, Jonathan. Welcome, everyone to our 2024 third quarter call. We reported a double-digit increase in total revenue for the quarter, with growth across our optimization, measurement and publisher businesses.

We also advanced our technology and product innovation, expanded platform partnerships, including our first-to-market meta optimization solution, one new customers, including from Oracle and announced strategic senior level hires, while we made significant progress towards positioning IAS for long-term sustainable performance, our third quarter revenue growth of 11% was limited by a slowdown in volume growth in the near-term, most notably in CPG and retail.