Overview

* IAS Q3 revenue grows 16% yr/yr to $154.4 mln, beating analyst expectations

* Adjusted EBITDA for Q3 beats estimates, increasing to $55.3 mln

* IAS in process of being bought by acquisition PE firm Novacap

Outlook

* IAS will not provide a financial outlook due to pending acquisition by Novacap

Result Drivers

* OPTIMIZATION REVENUE - Optimization revenue increased 21% to $73.7 mln, contributing significantly to overall revenue growth

* PUBLISHER REVENUE - Publisher revenue rose 21% to $23.5 mln, supporting overall revenue increase

* MEASUREMENT REVENUE - Measurement revenue grew 8% to $57.1 mln, adding to total revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $154.35 $149.22

Revenue mln mln (14

Analysts

)

Q3 Net $7.04

Income mln

Q3 Beat $55.30 $52.23

Adjusted mln mln (13

EBITDA Analysts

)

Q3 Gross 77%

Margin

Q3 Basic $0.04

EPS

Q3 $7.57

Operatin mln

g Income

Q3 $8.16

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 13 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy."

* Wall Street's median 12-month price target for Integral Ad Science Holding Corp ( IAS ) is $10.30, about 0.8% above its November 3 closing price of $10.22

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)