Integral Ad Science Holding Corp.

Good day and thank you for standing by. Welcome to the IAS 2023 first quarter financial results conference 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. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jonathan Schaefer, VP of Investor Relations with IAS. Please go ahead.

Thank you. Good afternoon and welcome to the IAS 2023 First Quarter Financial Results Conference Call. I'm joined today by Lisa Utschneider, CEO, and Tanya 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 Utschneider. Lisa, you may begin.

Thanks, Jonathan, and welcome everyone to our 2023 first quarter earnings call. We accelerated our business momentum in the first quarter as demand for our mission-critical products increased. Results exceeded our prior guidance for both revenue and adjusted EBITDA. In addition, we are raising our financial outlook for the full year. Revenue increased 19% to $106.1 million in the first quarter ahead of our forecast of $102 to $104 million. We benefited from strong seasonal demand from marketer campaigns in support of March Madness, tax preparation, and new content releases across our streaming partners. In addition, Recent new business wins contributed to performance in the period. Adjusted EBITDA reached $34.1 million at a 32% margin. We also achieved net income profitability for the fifth straight quarter. IAS is a customer obsessed global technology company. We are launching innovative and scalable products at high velocity and we continue to invest in engineering and data science talent. Science is in our name, and we are leading with the most advanced AI and ML technologies. Everything we build is global, scalable, and repeatable. A great example of this is the rollout of our total media quality TMQ solution, which delivers comprehensive analysis of content across major platforms in over 90 languages. Our partnership with TikTok ramped up in the first quarter, driven by marketer adoption of our end-to-end measurement solutions. Active post-big campaigns were up 33% in the first quarter, compared to the fourth quarter of 2022. We currently operate in seven markets and three languages with TikTok. We are expanding rapidly into over 30 new markets over the next several weeks, well ahead of our prior expectation of an additional 20 markets by year end. Earlier this week, IES announced that its brand safety and suitability reporting on YouTube will now be aligned to the Global Alliance for Responsible Media, or GARM, framework. As a result, IES will offer more granular reporting for campaigns on YouTube. With Meta, we're excited to continue our partnership and value their commitment to implementing suitability controls and verification for feed. We look forward to the expansion of feed verification to all badge partners later this year. Last quarter, we announced our expansion into third-party brand safety and suitability measurement in Twitter's live feed in the US. We look forward to expanding our capabilities with Twitter globally into new markets, including Australia, the UK, and Canada. We are investing in ease of use and activation of our programmatic solutions. We are enhancing the customer experience via superior user interface increased functionality, and expanded reporting capabilities. During the first quarter, we integrated our QualitySync pre-bid product into DSPs, including Yahoo and MediaMath, joining other major DSPs. QualitySync helps marketers optimize media spend and campaign outcomes by reaching higher quality impressions. In addition, strong adoption of context control continues to fuel our programmatic growth. We're also developing attention metrics to help marketers better optimize their media spend and achieve targeted outcomes, while building a framework of strategic partners whose unique strengths will further enhance our product offerings. This week, IES announced a strategic partnership with UK-based Lumen Research a global attention technology company specializing in cutting-edge eye-tracking solutions. By combining IAS's attention capabilities and actionable data with Lumen's eye-tracking expertise, our customers will have an even more powerful way to track which impressions have captured attention and are likely to drive a business result. We are also actively participating in the IAB Working Group and with the Media Rating Council, or MRC, on the ongoing development of expanded standards in this area. In our recent white paper, Taking Action on Attention, we analyzed millions of advertising data signals refined by machine learning models. The report concluded that comprehensive media quality measurement and optimization solutions that leverage visibility, the surrounding ad environment, and ad interaction signals are core to driving attention. IES currently provides a custom report in our Signal UI that helps marketers understand these three components across their programmatic media spend. We are building on our leadership in ad verification and CTV. We believe we have the most robust and forward-thinking product portfolio as well as global breadth and depth across all the major CTV ad-supported platforms. By combining IAS and Publica data, we provide marketers with transparency on where their ads are running in programmatic CTV. Publica was recently named Best Video Ad Platform in Digiday's Video and TV Awards. In March, IES launched viewability and invalid traffic verification for Netflix ad-supported plans. IES is ensuring that advertising campaigns running on Netflix are delivered fraud-free and are seen by real viewers. Verification on Netflix is now available in 12 markets globally and across all platforms. We're also excited to announce that Publica renewed its exclusive partnership with Samsung to be their primary CTV ad server, helping them to power their ad break decisioning across Samsung TV Plus globally. Our pre-bid solutions are now live with Zander Invest DSP. These offerings ensure marketers' ads stop playing when the TV screen is off and provide metadata to better understand programmatic CTV spend. Beyond CTV, we're pleased to announce that MailMetro Media, the UK-based global news publisher, is now using IES context control as well as our publisher verification and optimization product. IES is ensuring that ads running on Mail Metro's digital platforms can be properly seen by audiences, are fraud-free, and brand-safe for advertisers. Our leading-edge technology, along with our energized sales effort, is driving increased customer adoption and higher conversion of multi-year, multi-million-dollar new business opportunities. On last quarter's call, I highlighted several major global brand wins, including Ford, Hershey, Kering, and Bell. We are winning these deals after extensive head-to-head product and tech due diligence. We're also focused on activating these wins faster, which is reflected in our first quarter results. Most recently, Canva has selected IES based on our actionable attention data, ability to drive greater efficiencies across programmatic buying, and enhanced CTV offerings as Canva shifts more budgets to the space. In addition, we won several new accounts outside the U.S. In Europe, BT selected IES based on our differentiated product innovation. In APAC, we're delighted to welcome Singapore Airlines and Panasonic. Our global presence stands as a key differentiator for IAS as marketers consolidate their buying decision around one provider across geographies. In the first quarter, we accelerated revenue growth with double-digit gains in the Americas, EMEA and APAC. Expanding on our existing relationship with Amazon, We announced recently that IES is the first verification vendor whose suite of publisher-optimized solutions are now available via Amazon Publisher Services or APS Connections Marketplace. By leveraging their existing APS connection, publishers can easily discover and onboard new tech solutions with a streamlined and more efficient adoption and integration process. In March, the MRC granted continued accreditation of IAS's core digital ad verification service. Since appointing Kevin Alvaro as Chief Compliance Officer, we've intensified our efforts to grow our MRC accreditations. Kevin is a widely renowned industry authority who was at Nielsen for 20 years prior to joining IAS. We look forward to continuing to work closely with the MRC. Finally, IES went live with our previously announced partnership with Goodloop. We are working with Goodloop to enable marketers to measure the carbon emissions of their digital ad campaigns. We're off to a strong start in 2023 with first quarter results ahead of our prior expectations. We are delivering superior products to our customers, and we are investing in our technology to support future growth initiatives with data as the foundation. We have a robust new business pipeline, and we are benefiting from our enhanced go-to-market strategy. We are excited to host our first Analyst and Investor Day on June 13th. We encourage you to join us in person at the NASDAQ market site in New York City. The event will be a great opportunity to meet and hear from several members of the IAS senior leadership team on our strategy and vision. We'll feature product demos that highlight our robust technology. We will also host an expert panel to provide insights into IAS and the broader digital media industry. I'd like to thank everyone on today's call for your ongoing support. I'll now hand it over to Tanya to review our financial results in detail.