Integral Ad Science, a global media measurement and optimisation platform, has released its financial results for the second quarter of 2024. The company reported total revenue of $129.0 million, a 14% increase from $113.7 million in the previous year. Net income was $7.7 million, maintaining a 6% margin, while adjusted EBITDA rose to $46.2 million, with a margin of 36%. Gross profit increased to $101.9 million, with a gross profit margin of 79%.
Revenue growth was driven by measurement revenue, which increased by 17% to $52.7 million, optimisation revenue which grew by 11% to $58.5 million, and publisher revenue which rose by 12% to $17.8 million. International revenue, excluding the Americas, increased by 16% to $40.1 million, representing 31% of total revenue.
Furthermore, IAS announced several partnerships and expansions, including enhancements in brand safety and suitability measurement for YouTube, and new collaborations with Reddit, Pinterest, and Lunio. The company also launched a deepfake detection offering and the IAS Election Lab. IAS achieved ISO 27001:2022 certification for its information security management system.
For the third quarter of 2024, the company expects total revenue between $137 million and $139 million and adjusted EBITDA between $48 million and $50 million. For the full year, the company has raised its revenue guidance to a range of $538 million to $544 million, with adjusted EBITDA expected between $180 million and $184 million.