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Integral Ad Science (IAS) investor relations material
Integral Ad Science Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Revenue for Q3 2025 was $154.4 million, up 16% year-over-year, surpassing guidance, with net income of $7.0 million (5% margin), down 56% from Q3 2024 due to higher operating expenses and merger-related costs.
Adjusted EBITDA for Q3 2025 was $55.3 million (36% margin), up 9% year-over-year.
The company entered into a definitive merger agreement to be acquired and taken private at $10.30 per share in an all-cash transaction, expected to close in Q4 2025.
Key business drivers included growth in optimization and publisher revenue, increased international expansion, and continued investment in technology and product innovation.
Financial highlights
Q3 2025 revenue grew 16% year-over-year to $154.4 million; nine-month revenue rose 16% to $437.6 million.
Net income for Q3 2025 was $7.0 million (net margin 5%), down from $16.1 million (12%) in Q3 2024; nine-month net income was $31.4 million (7% margin), up 40% year-over-year.
Adjusted EBITDA for Q3 2025 was $55.3 million (36% margin); nine-month Adjusted EBITDA was $148.4 million (34% margin).
Optimization revenue increased 21% to $73.7 million; measurement revenue up 8% to $57.1 million; publisher revenue up 21% to $23.5 million.
Cash flow from operations for the nine months was $109.7 million, with $129.2 million in cash and equivalents at quarter-end.
Outlook and guidance
The merger is expected to close in Q4 2025, after which the company will become privately held and delist from Nasdaq.
Management expects continued growth in optimization and publisher revenue, with seasonality leading to higher Q4 activity.
Macroeconomic uncertainty, including inflation and global trade, may impact future advertising spend and results.
Merger related costs in Q3 2025?
Reasons for Q3 net income decline?
Strategy behind recent product expansions?
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Next Integral Ad Science earnings date
Q4 202527 Feb, 2026
Next Integral Ad Science earnings date
Q4 202527 Feb, 2026
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Integral Ad Science Holding Corp specializes in digital advertising verification, optimization, and analytics solutions. The company's technology assesses the quality of digital media placements, measuring factors like viewability, brand safety, and fraud detection. Integral Ad Science serves advertisers, agencies, and publishers, supporting more effective and accountable digital campaigns. The company is headquartered in New York, New York, and its shares are listed on the NASDAQ.
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