Announcement • Oct 04
ironSource Ltd. Launches Updated ROAS Optimizer, Enabling Greater Visibility Into Campaign Performance ironSource Ltd. announced a major update to its ROAS (Return On Ad Spend) Optimizer. ironSource is the first company to provide an area on its platform fully dedicated to ROAS optimization data - providing app marketers with a trend visualization and daily breakdown of their ROAS goal against ROAS performance over time. The ROAS Optimizer allows app marketers to set a target ROAS goal, and then leave the engine to drive the highest scale possible while achieving the ROAS goal, saving hours of manual work. This latest update gives marketers the ability to get a visualization of the results of their campaigns over time, and the control to readjust their goals based on that data. This visibility into installs, spend, eCPI, current ROAS goals, effective ROAS goals over time and more, arms marketers with insights enabling them to learn from their campaigns’ performance and improve their user acquisition strategy. The update also includes self-serve capabilities, which allow marketers to optimize their ROAS goals and adjust campaigns directly on the platform. This update is one of many for the ROAS Optimizers, whose engines are updated almost every week, making them smarter and more efficient in helping advertisers increase the scale and quality of their campaigns. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: US$0.013 (vs US$0.011 in 2Q 2021) Second quarter 2022 results: EPS: US$0.013 (up from US$0.011 in 2Q 2021). Revenue: US$182.8m (up 35% from 2Q 2021). Net income: US$12.7m (up 74% from 2Q 2021). Profit margin: 7.0% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 7.7% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to €3.88, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 21x in the Software industry in Germany. Announcement • Jul 28
ironSource Ltd., Annual General Meeting, Sep 01, 2022 ironSource Ltd., Annual General Meeting, Sep 01, 2022, at 13:00 Coordinated Universal Time. Location: 121 Menachem Begin Street Tel Aviv-Yafo, Israel,12th floor. Isarel Israel Agenda: To re-elect each of Eyal Milrad, Marni Walden and Yehoshua Nir (Shuki), as Class I directors, to hold office until the close of the company’s annual general meeting of shareholders in 2025, and until their respective successors are duly elected and qualified; and to consider other maters. Announcement • Jul 22
ironSource Ltd. to Report Q2, 2022 Results on Aug 10, 2022 ironSource Ltd. announced that they will report Q2, 2022 results Pre-Market on Aug 10, 2022 Announcement • Jul 14
Unity Software Inc. (NYSE:U) agreed to acquire ironSource Ltd. (NYSE:IS) for approximately $4.4 billion. Unity Software Inc. (NYSE:U) agreed to acquire ironSource Ltd. (NYSE:IS) for approximately $4.4 billion on July 13, 2022. Each ordinary share of ironSource will be exchanged for 0.1089 shares of Unity common stock. Once closed, current Unity stockholders will own approximately 73.5% and current ironSource shareholders will own approximately 26.5% of the combined company. Upon closing of the merger, Tomer Bar-Zeev will join Unity’s Board of Directors and serve as a key member of Unity’s executive leadership team. In addition, two additional ironSource Directors will join the Unity Board of Directors upon closing of the transaction. The proposed all-stock transaction has been approved by the boards of directors of both companies, is expected to close during Unity’s fourth quarter of 2022 and is subject to customary closing conditions, and regulatory and shareholder approval. The transaction is Highly accretive. Morgan Stanley served as lead financial advisor to Unity. Goldman Sachs also served as financial advisor to Unity, and Morrison & Foerster LLP and Herzog Fox & Neeman served as its legal advisors. Jefferies LLC served as exclusive financial advisor to ironSource, and Latham & Watkins LLP and Meitar Law Offices served as its legal advisors. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 43% share price gain to €3.30, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 21x in the Software industry in Germany. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €2.26, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Software industry in Germany. Announcement • Jun 01
ironSource Officially Supports App Development Engine Flutter, Expanding Access for Developers of Apps in All Categories ironSource announced its official support of app development engine Flutter. App developers who have built their apps with Flutter can now integrate the ironSource SDK into their app, and monetize through ironSource’s market-leading mediation solution LevelPlay, giving them access to powerful optimization features, robust reporting offering total transparency and the ability to connect to any ad network through mediation custom adaptors. All future ironSource features will be supported for the Flutter platform, and available in pub.dev, the official package repository for Flutter apps. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: US$0.014 (vs US$0.011 in 1Q 2021) First quarter 2022 results: EPS: US$0.014 (up from US$0.011 in 1Q 2021). Revenue: US$189.7m (up 58% from 1Q 2021). Net income: US$13.8m (up 87% from 1Q 2021). Profit margin: 7.3% (up from 6.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 12% growth forecast for the industry in Germany. Announcement • May 13
Ironsource Ltd. Provides Earnings Guidance for the Second Quarter and Full-Year Fiscal of 2022 ironSource Ltd. provided earnings guidance for the second quarter and full-year fiscal of 2022. For the second quarter of fiscal 2022, total revenue is expected to be between $180 million and $185 million, representing 35% year-over-year growth at the midpoint.For the full-year fiscal 2022, total revenue is expected to be in the range of $750 million to $780 million compared to $790 million to $820 million previously, representing 38% year-over-year growth at the midpoint. Announcement • May 05
ironSource Ltd. Launches Luna Views ironSource Ltd. announced the launch of Luna Views, allowing customers using ironSource Luna app marketing software to easily and quickly access critical campaign breakdowns that would normally require resource-intensive manual work of a BI team. Based on live data, Luna Views offers a library of ready-made widgets covering popular metrics and activities like creative testing, best and worst performing creatives, ROAS and CPC. Additionally, it is fully modular, allowing marketers to create custom views for data and breakdowns they need. In an industry with large numbers of creative campaigns running simultaneously, the huge amounts of data being processed can be overwhelming for less data-savvy team members who need visibility into campaigns’ performance, and for those who need instant insights into the most important KPIs. Additionally, there’s no one-size-fits-all for how data should be viewed, with each growth team needing a different view of different data to help them optimize campaigns. Luna’s new dashboard feature addresses this complexity by offering a fully modular, customizable view of the unified, live data of app marketing campaigns. The dashboards utilize widgets, each configurable to hundreds of marketing parameters with multiple different chart types, enabling a truly unique and personalized view based on the specific needs of each app business for each of their apps. The data can then easily be shared in easily digestible charts for others in the company. Since launching in closed beta customers have created, on average, 2-3 new boards every month, a testament to the value the feature drives for marketers. Announcement • May 02
ironSource Ltd. to Report Q1, 2022 Results on May 12, 2022 ironSource Ltd. announced that they will report Q1, 2022 results Pre-Market on May 12, 2022 Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: US$0.065 (vs US$0.05 in FY 2020) Full year 2021 results: EPS: US$0.065 (up from US$0.05 in FY 2020). Revenue: US$553.5m (up 67% from FY 2020). Net income: US$54.2m (up 69% from FY 2020). Profit margin: 9.8% (in line with FY 2020). Over the next year, revenue is forecast to grow 47%, compared to a 15% growth forecast for the industry in Germany. Board Change • Mar 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Tal Payne was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 