Integral Ad Science (IAS), a global leader in media measurement and optimisation, has reported its financial results for the third quarter of 2024. The company's total revenue increased by 11% year-over-year to $133.5 million, driven by double-digit growth across product segments. The company reported a net income of $16.1 million at a 12% margin; adjusted EBITDA grew by 25% to $50.6 million with a 38% margin.

Revenue outside the Americas grew 11% to $40.8 million, now contributing to 31% of total revenue. IAS launched a first-to-market pre-bid optimisation solution for Meta, providing advertisers with proactive brand suitability capabilities on Facebook and Instagram. The company expanded its Total Media Quality offerings on TikTok to include viewability, invalid traffic, and brand safety and suitability measurement across new ad placements. IAS also enhanced its misinformation detection capabilities on YouTube to further verify the safety and suitability of their digital media investments.

"We increased revenue at a double-digit rate in the third quarter, driven by our industry-leading products and the contribution from new customers, with strong adjusted EBITDA performance," said Lisa Utzschneider, CEO of IAS.

IAS CFO, Tania Secor, reported revenue growth of 11% and an adjusted EBITDA margin of 38% for the period, with healthy cash flows and low debt.

IAS is providing the following financial outlook for the fourth quarter of 2024 and updating its full year 2024 revenue and adjusted EBITDA outlook: Total revenue of $148 million to $150 million, Adjusted EBITDA* of $55 million to $57 million, Year Ending December 31, 2024: Total revenue of $525 million to $527 million, Adjusted EBITDA* of $185 million to $187 million.

The full earnings statement is available on Newswire and a digital version can be accessed online.