Seeking Alpha • Sep 08

IronSource pushes back shareholder vote on Unity sale to Oct. 7 from Oct. 3

IronSource (NYSE:IS) pushed back a date for its shareholder vote for its planned sale to Unity Software (NYSE:U) to Oct. 7 from Oct. 3. The Sept. 2 record date for the vote remains unchanged, according a 6-K filing. The delayed vote date comes as AppLovin (NASDAQ:APP) last month attempted to break up the ironSource/Unity deal by making a rival offer for Unity, which Unity has since rejected.IronSource (IS) disclosed in an amended S-4 filing last month that Unity (U) had won HSR antitrust approval for the deal and that Israel has also cleared the transaction. The filing last month also revealed that AppLovin (APP) was the only company that had some discussions with Unity (U) about a possible deal and it revealed that as late as Aug. 21 AppLovin's (APP) advisers were inquiring if Unity (U) may be amenable to a revised takeover bid.

Seeking Alpha • Aug 25

Unity/ironSource deal spread widens after expert sees good chance of AppLovin improved offer

The deal spread in Unity Software's (NYSE:U) planned purchase of ironSource (NYSE:IS) after an industry expert said he believes that there is a decent chance that AppLovin (NASDAQ:APP) isn't going to walk away from its Unity bid. An industry expert on a call with United First Partners on Thursday said he believed that there was a 50%-75% that AppLovin comes back with an improver offer for Unity (U) after an earlier bid was rejected. IronSource shares plunged 11% on Aug. 9 after AppLovin disclosed it had offered to buy Unity (U) on the condition that Unity would drop its deal with ironSource (IS). In connection with the ironSource (US) deal, Unity’s (U) board authorized a 24-month share buyback program of up to $2.5 billion, effective upon closing of the merger, Unity said last Monday when it rejected the AppLovin bid. AppLovin (APP) shares have plunged 33% since it made its unsolicited offer for Unity (U) and it cut its annual guidance earlier this month.

Seeking Alpha • Aug 09

IronSource plunges 16% after AppLovin offers to buy Unity Software

IronSource (NYSE:IS) plunged 16% in premarket trading after AppLovin (NASDAQ:APP) offered to buy Unity Software (NYSE:U) in all stock deal. Under the proposal, Unity(U) would have to terminate its agreement to purchase ironSource, according to the AppLovin press release. Unity (U) agreed to buy ironSource for $4.4 billion in a stock deal last month. Developing story ...

Seeking Alpha • Jul 25

Unity And ironSource: What Are Investors Missing?

Investors in Unity, potentially frustrated by dilution and executional missteps, balked at the prospect of more dilution and a further shift away from its roots. Meanwhile, ironSource investors were frustrated at what they may have perceived as too low of a valuation for their business. To make matters worse, the game developer community voiced their upset views against the deal citing concerns about ironSource’s connection to adware and recent layoffs at Unity. Ultimately, ironSource may not directly advance Unity’s core engine, but it’ll give them the funds they need to continue developing it. I expect Unity will be profitable before the end of 2023 and grow exponentially from there as they continue to democratize Gaming, VFX, and RT3D tools. Introduction On July 13th Unity (U) announced they would be acquiring ironSource (IS) in an all-stock deal, valuing the company at $4.4 billion. Shares tanked on the announcement, moving down double digits as investors and the gaming community scratched their heads, seemingly confused by the deal. Data by YCharts It seemed to me that almost nobody was excited by this deal… Investors in Unity, potentially frustrated by dilution and executional missteps, balked at the prospect of more dilution and a further shift from Unity’s original vertical, game creation. Meanwhile, ironSource investors were frustrated at what they may have perceived as too low of a valuation for their business. Or perhaps the frustration stemmed from the fact they were being acquired by an unprofitable company during a market cycle where those companies are being punished. To make matters worse, the game developer community voiced their upset against the deal citing concerns about ironSource’s connection to adware and recent layoffs at Unity. I want to try to clear up this confusion. Within this article, I’ll: Explain why I believe this deal has been so misunderstood Argue that this deal is quite the smart move Provide my updated valuation model for Unity Context is Key Before I explain the merits of the deal Unity made with ironSource it’s important to understand the context behind this deal being struck. Let’s start with one of the goals I believe permeates throughout the ethos of Unity: to democratize real-time 3D development tools. As I outlined in my first article on Unity, the democratization of these tools allows creators to focus on creation, and much less so on coding. For a moment, imagine if artists had to first code their version of photoshop to start editing photos. Photoshop, and tools like it, made it so anyone can edit photos. It’s almost preposterous to think about, but having to build your engine was the reality for a long time in the gaming community. So how does ironSource fit into that framework? ironSource’s bread and butter is ad mediation, not game creation. Sure they have a small publishing house, but ironSource’s clear focus is on ad delivery and sales. This is where context is important. It’s one thing to have a goal, but it’s another thing to run a business that allows you to achieve that goal. Businesses have owners, they provide capital to businesses with an expectation to earn a return. Up until last year or so investors, and management teams, had been rewarded for growth at all costs, profitability was optional. Data by YCharts But as it turns out, money isn’t free. Due to supply-side issues inflation soared. Rates jumped, and investors fled from high-growth names like Unity and other high-duration assets. Data by YCharts And just like that Unity lost its ability to raise capital at 20x price to sales multiple and had to reassess. I imagine that management pondered the following question: How can we continue to grow if we are unprofitable and capital is exponentially more expensive? One Solution? ironSource That brings us to the ironSource merger, because ironSource, unlike Unity, is highly profitable. Data by YCharts Using the average analyst expectation for ironSource’s 2023 EPS ($0.14), their forward PE works out to be ~27x, or using a more optimistic prediction of $0.24, shares trade for just 16x next year’s earnings. And when you factor in revenue, Unity is getting ironSource at less than 4x sales, add in revenue synergies and it might be closer to 3x sales. ironSource is a cash cow, one could quibble about the cyclicality of the ad business, and I think there are some merits to that critique, but ironSource provides Unity with a source of recurring internal capital when they need it the most. The power of that cannot be understated. Ultimately, ironSource may not help advance Unity’s core engine, but it’ll give them the funds they need to continue developing it. Unity vs Unreal (Epic Games) Epic, like Unity, raises money from time to time, but unlike Unity, they can fund much of their development using the internal cash-flows spinoff from their hit franchise, Fortnite. What Epic has with Fortnite is truly special, it’s both highly cash-generative, and a platform for Unreal to test new features, and improve their game engine. It’s essentially self-funded R&D. Unity doesn’t have anything like this But not for lack of trying. Earlier this year, at GDC 2022 Unity announced Gigaya, an ambitious project to build a game internally within Unity to showcase best practices and identify challenges faced by indie developers. That game would then be released for free on steam and given to developers to tinker on and learn from. But seemingly out of nowhere, Unity canceled the project and laid off the entire team working on it. This dealt a major blow to the indie developer scene who hoped to use Gigaya as a tool to advance their learning and skills in the Unity engine. As sad as layoffs are, and the disappointing loss of what could have been a useful tool for developers, I believe this was the right call. If you can issue shares at 20x sales to investors, why not build Gigaya? But when every penny counts, it’s hard to convince a board of directors that Gigaya, a free game, will yield a high ROI. Because, unlike Fortnite, Gigaya was not designed to be a multi-player game filled with microtransactions, it's just a small single-player game. Gigaya was an expensive passion project It is a pity though because I believe the cancellation of Gigaya paired with the large ironSource acquisition surely left a foul taste in many developers’ mouths who might now believe Unity as having lost its roots and distracted. No need to mention the disparaging remarks shot off by John Riccitello which only added more fuel to the fire. Structure As I mentioned, Unity is acquiring ironSource in an all-stock deal. What’s especially unique about this deal is that Unity concurrently announced a $2.5B buyback and convertible bond sale to Silver Lake and Sequoia. At first glance, this was head-scratching. I wondered why wouldn’t Unity just buy ironSource using a combination of debt and equity, after all, ironSource trades for much less than Unity itself. Looking at ironSource’s share price performance helps to answer that question. Data by YCharts After such a steep decline and its relatively low valuation, I’d wager that any cash-backed sell-out, partial or not, would have deeply upset long-term ironSource shareholders. But unfortunately for Unity shareholders that means massive dilution. So that’s where the buyback comes in, $2.5B won’t be enough to cover the entire transaction cost, but it’ll help. Of course, I’d prefer if they used more cash to buy ironSource outright, but for the sake of making a deal, one has to be flexible. Valuation

Seeking Alpha • Jul 14

Unity Software Underpaid For ironSource

Unity Software took a beating after the company announced plans to absorb ironSource in a $4.4 billion all-stock transaction. This is peculiar because ironSource looks to be a solid target for the business that will create a lot of value for investors moving forward. For believers in the transaction, acquiring ironSource could be a good way to get into the combined company on the cheap. July 13th was a big day for investors in both Unity Software (U) and ironSource (IS). This is because of news breaking that the latter will be absorbed by the former in an all-stock transaction at what represents for the latter a significant premium over where the company was trading at previously. In and of itself, I see this development as a positive for investors in both firms. But the fact of the matter is that the market reacted in a very negative way, particularly for investors in Unity. Although it's possible that some of this negativity it can be attributed to the uncertainty over this maneuver, the pain experienced by Unity was probably more driven by a downward revision and expectations by management and another dilutive development that stands to leave investors with less of the combined firm than they otherwise would have. Upon reviewing the financial performance of both firms, I will say that I am torn on the matter. I believe that the merger represents a positive for both companies. I am also particularly bullish about ironSource. On the other hand, this situation for Unity could definitely be better than it is. While the company is making a great decision in acquiring ironSource, its own fundamentals are rather lacking. Because of this, investors should tread carefully when deciding what course of action to take next. Unity & ironSource - An interesting combination According to the terms of their agreement, Unity will be absorbing ironSource in an all-stock transaction that, based on prior closing prices, valued ironSource at $4.4 billion. For each share of ironSource that an investor has, they will receive instead 0.1089 of a share in Unity. Based on their closing prices on July 12th, this would have implied a price per share for ironSource of $4.33. That translates to a 94.2% premium. However, the company did not see that kind of upside. Shares of the business skyrocketed to close at 47.1% on July 13th for a total price of $3.28. Meanwhile, shares of Unity plummeted by 17.5%, dropping from $39.76 to $32.82. Assuming prices don't change from here, this does still imply a price per unit on ironSource of $3.57, resulting in potential additional upside for its investors of 8.8%. Before we move further, we should probably discuss exactly why these companies are combining. To do that, it helps to understand what each business is and how it operates. For starters, Unity functions as a platform that helps its customers to create and operate interactive 2D and 3D content. The company has many use functions for its solutions. However, it's mostly known for its usefulness in the creation of video games. These games can be operated across many platforms, including Windows, Mac, iOS, Android, PlayStation, Xbox, Nintendo Switch, and so many more. They can also involve augmented and virtual reality aspects. The company's services are so popular that the business claims that content created or operated with its solutions had 3.9 billion monthly active end users at the end of its 2021 fiscal year. To put in context just how important its platform is, it's worth noting that major games like Pokémon Go and Among Us were built using its technology. The company operates two main sets of solutions. The first of these is called Create Solutions. Through this, the company helps content creators like developers and artists, as well as designers, engineers, and architects, to create high-definition real-time 2D and 3D content. In addition to being used for the creation of video games, it can also be used for advanced modeling and other applications. Meanwhile, the Operate Solutions portion of the business offers customers the ability to grow and engage their end-user base and to run and monetize their content for the purpose of optimizing end-user acquisition and operational costs. A few products under this umbrella would be its engine agnostic game server hosting and matchmaking platform, as well as Vivox, which serves as a leading provider of voice and text communication services for multiplayer games. Author - SEC EDGAR Data In recent years, the company had done a really solid job of growing its top line. From 2019 through 2021, revenue nearly doubled, jumping from $541.8 million to $1.11 billion. During that time, however, net income plummeted from negative $163.2 million to negative $532.6 million. Operating cash flow and adjusted operating cash flow have been all over the map. But for the most part, these have also been negative. And the same can also be said here of EBITDA. Moving on to ironSource, it's important to note that we are now talking about a very different kind of company. At the same time, there are certain overlaps. Whereas Unity is largely a gaming software business, ironSource serves as a business platform for the app economy. The company's platform is focused on enabling any app or game developer to turn an app that they created into a scalable and successful business by aiding them in the monetization process and by giving them the tools they need to analyze vital data about their operation. Like Unity, ironSource’s platform focuses around two core solutions. The first of these, Sonic, supports developers and app-based businesses by providing solutions for our app discovery, user growth, content monetization, analytics, and publishing. The second solution is Aura. This particular portion of the enterprise allows telecommunications operators to create new engagement touchpoints that deliver attractive content for their users. Author - SEC EDGAR Data Operationally speaking, the picture for ironSource has been much more impressive. Over the past three years, revenue at the company skyrocketed from $181.1 million to $553.5 million. What's even more impressive is the fact that, during this time, the company has generated consistent profits and cash flows. Net income over the past three years has ranged from a low of $59.8 million to a high of $95.3 million. Operating cash flow has ranged between $117.8 million and $144.4 million. And EBITDA Has risen consistently, climbing from $74.5 million to $193.7 million. By combining the two companies, the hope is that clients are able to create better games that are capable of achieving greater user acquisition. While both firms touch on creation, gaming services, publishing, user acquisition, and monetization, ironSource focuses more heavily on the latter items, effectively complementing and building off of the creation tools championed by Unity. The hope is that this combination will create a one-stop shop for clients interested in the gaming and other digital markets. However, there is also a financial side to this. Over the first three years following the completion of the merger, management expects to generate annualized synergies of $300 million. That, combined with continued growth from the companies, should help adjusted EBITDA to climb to $1 billion per annum by the end of 2024. Unity Given the market’s reaction to the announcement of the merger, it might be tempting to think that the investors in Unity are really being hurt. However, I see the opposite occurring. Although smaller, ironSource does have a better history of growth and, unlike Unity, it is capable of generating consistent and improving profits and cash flows. And on top of that, the terms of the deal don't look outrageous. At present, the management team at ironSource expects revenue for the current fiscal year to come in at between $750 million and $780 million. At the midpoint, that would translate to a year-over-year increase of 38.2%. Meanwhile, EBITDA should come in at between $230 million and $240 million. That compares to the $193.7 million reported for 2021. No guidance was given when it came to operating cash flow. But if we assume that it will increase at the same rate that EBITDA should, then we should anticipate a reading this year of $168.3 million. Using these forward numbers, we get a price to operating cash flow multiple for the company of 26.3. Meanwhile, the EV to EBITDA multiple of the company is even lower at 16.9. That is due in part to the fact that the company is debt free and has cash on hand of $444.7 million. As a note, these are the numbers based on the original announced acquisition price of ironSource. If we use the company's current price, these multiples would be 21.5 and 13.5, respectively. Free cash flow positive company that is growing that rapidly, this is a good price to pay. If anything, I'm surprised Unity isn't paying more.

Seeking Alpha • Jul 07

ironSource price target lowered to $4.70 at Citi

ironSource (NYSE:IS) has got its price target lowered at Citigroup in the research note issued on Thursday. The investment firm slightly cuts its price target to $4.70 from $5 on ironSource while keeping the rating unchanged at Buy. Stock is up 3.3% in mid-day trading session, however trading close to its 52-week low. Over the past 3 months, IS shares have lost 48% and down 76% in the past one year: While Wall Street analysts and SA Authors give a Strong Buy, Seeking Alpha Quant Rating System flag a Strong Sell with a warning that IS is at high risk of performing badly due to decelerating momentum and is overpriced when compared to other information technology stocks. Also Read: Netflix confirms talks for ad-supported service with 'all' the partners

Analysis Article • Jul 02

Returns On Capital At ironSource (NYSE:IS) Paint A Concerning Picture

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

Seeking Alpha • Jun 21

ironSource: Yes It Was A SPAC, But It Is Also A Real, Profitable, High Growth Business!

ironSource shares have cratered-even on a relative basis. The company has actually performed well in terms of its growth and profitability since shares started trading almost a year ago. The company has a strong competitive position and appears to be gaining share in the mobile app game advertising sector. About 20% of the company's revenues are coming from a category called Apps Beyond Games, that should be a driver of hyper growth for several years. The company, while it hasn't seen any slowdown in its business thus far, has acknowledged the potential of macro risks, and has presented very prudent guidance for the balance of 2022.

Seeking Alpha • Jun 13

ironSource: 5x Cheaper Than Cloudflare And Trade Desk, Buy Now

ironSource's scale and growth have been comparable to the likes of Cloudflare, but instead the stock currently trades for throwaway value prices (nearly 10x P/E, 3x P/S). ironSource reduced its 2022 guidance by a bit after Q1 due to cautiousness and prudence, despite management saying it wasn’t seeing any downside KPIs yet. The stock is about 5x less expensive than The Trade Desk and Cloudflare despite ironSource's track record of growth being superior than both. The likelihood of a multi-bagger looks very high. Be greedy when others are fearful.

Seeking Alpha • May 22

ironSource: Compelling Valuation For Long-Term Investors

Since my last article on ironSource was published in April 2022, markets have continued to tumble, with ironSource falling 34% in the past month. ironSource beat their Q1 guidance for both revenue and adjusted EBITDA, with revenues growing an impressive 58% YoY. The company reported another quarter of world-class retention rates, with 99% gross retention and 153% net revenue retention. IS downgraded 2022 guidance, but this was due to a broader macroeconomic and industry-specific slowdown, rather than issues specifically related to ironSource. ironSource generates free cash flow, has a fortress balance sheet, and trades on an attractive valuation multiple of 3.1x forward EV/sales and 10.2x forward adjusted EBITDA.

Seeking Alpha • Apr 07

ironSource: My Highest Conviction 2022 Top Tech Stock

ironSource is a highly profitable, best-of-breed growth stock in the App Economy: facilitating the monetization of apps through ads. ironSource has a strong growth track record, and its net retention and 2022 guidance are out-of-this-world. The tech/growth sell-off has unjustifiably impacted ironSource given its strong beat-and-raise execution. The stock is in the bargain bin at ~6x P/S and ~20x P/E. ironSource is growing as fast as CrowdStrike and Cloudflare while its valuation is half that of Costco. It is my newest top stock.

Analysis Article • Mar 15

ironSource (NYSE:IS) Will Want To Turn Around Its Return Trends

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Seeking Alpha • Mar 01

ironSource Ltd.: A Growth Software Stock Surpassing Revenue Expectations

Total equity of ironSource by year-end 2021 stood at $1.103 billion, up almost 600% from 2019. ironSource targets mobile internet users in both gaming and the non-gaming world with its customer base running into tens of thousands. Through Dynamic Segmentation, ironSource aims to attract more developers by introducing real-time update features.

Analysis Article • Feb 17

New Forecasts: Here's What Analysts Think The Future Holds For ironSource Ltd. (NYSE:IS)

Shareholders in ironSource Ltd. ( NYSE:IS ) may be thrilled to learn that the analysts have just delivered a major...

Seeking Alpha • Nov 25

ironSource: Sticky App Enablement Platform, But Growth Slows Looking Ahead

The negative aspect facing investors is that ironSource's growth rates are too volatile and looking out to early H1 2022, the company is up against tough comps. On the other hand, ironSource has a very attractive business with strong expansion rates. While paying 13x forward sales is not expensive, but investors will need clarity on ironSource's prospective growth rates for 2022 to justify a higher premium.

Analysis Article • Nov 23

Does This Valuation Of ironSource Ltd. (NYSE:IS) Imply Investors Are Overpaying?

Does the November share price for ironSource Ltd. ( NYSE:IS ) reflect what it's really worth? Today, we will estimate...

Analysis Article • Oct 06

ironSource (NYSE:IS) Is Posting Promising Earnings But The Good News Doesn’t Stop There

The market seemed underwhelmed by last week's earnings announcement from ironSource Ltd. ( NYSE:IS ) despite the...

Seeking Alpha • Sep 23

ironSource: An Interesting Way To Invest In The 'App Economy'

ironSource is one of the leaders in providing revenue optimization technologies, both to creators of apps and to telcos. The company is recently public through a SPAC transaction in which it merged with a Thoma Bravo entity. The company has been reporting elevated growth rates of 96% and 83% the last two quarters. It has a remarkable DBE ratio of 181%. The company's technologies that facilitate "in-app bidding" avoid many of the problems associated with the end of Identifier for Advertisers that was part of the latest Apple iOS release. The company, based on my projections has a Rule of 40 metric of 60 or more, and it is modestly valued in terms of the elevated growth rate it has been reporting.

Seeking Alpha • Jul 19

ironSource Price Target $22 Base Case For 165% Return

We own ironSource and see it as one of the top risk/reward opportunities in the market at $8.27 today going to $22.00 by 2023YE. Thoma Bravo, a leading investor in the software industry, found an absolute gem of a business in ironSource and swung big with an additional $332.5 million check. Over the last 12 months, we have spent a lot of time reading S-1 SPAC filings, and after extensive analysis, we believe ironSource merged with the best structured SPAC. In an unlikely downside scenario, we see $6.00 price target, where mobile gaming ad revenue drastically slows, potentially from IDFA and margins failing to scale like a typical software business.

Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

Historical stock prices
Current Share Price	US$2.74
52 Week High	US$13.14
52 Week Low	US$2.20
Beta	0
1 Month Change	-22.60%
3 Month Change	-34.76%
1 Year Change	-76.54%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-76.70%

	IS	US Software	US Market
7D	-15.2%	1.2%	-0.3%
1Y	-76.5%	-8.9%	24.1%

IS volatility
IS Average Weekly Movement	10.5%
Software Industry Average Movement	9.7%
Market Average Movement	7.2%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	3.2%

IS fundamental statistics
Market cap	US$2.79b
Earnings (TTM)	US$65.93m
Revenue (TTM)	US$671.17m

IS income statement (TTM)
Revenue	US$671.17m
Cost of Revenue	US$126.99m
Gross Profit	US$544.18m
Other Expenses	US$478.25m
Earnings	US$65.93m

Earnings per share (EPS)	0.065
Gross Margin	81.08%
Net Profit Margin	9.82%
Debt/Equity Ratio	0%

Data	Last Updated (UTC time)
Company Analysis	2022/11/07 16:44
End of Day Share Price	2022/11/04 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Analyst	Institution
Colin Sebastian	Baird
Jason Bazinet	Citigroup Inc
Franco Granda Penaherrera	D.A. Davidson & Co.

This company has been acquired

ironSource (IS) Stock Overview

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ironSource Ltd. Competitors

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Price History & Performance

Recent News & Updates

Investor sentiment deteriorated over the past week

IronSource pushes back shareholder vote on Unity sale to Oct. 7 from Oct. 3

Unity/ironSource deal spread widens after expert sees good chance of AppLovin improved offer

Consensus forecasts updated

Price target decreased to US$4.92

Second quarter 2022 earnings: Revenues in line with analyst expectations

Recent updates

Investor sentiment deteriorated over the past week

IronSource pushes back shareholder vote on Unity sale to Oct. 7 from Oct. 3

Unity/ironSource deal spread widens after expert sees good chance of AppLovin improved offer

Consensus forecasts updated

Price target decreased to US$4.92

Second quarter 2022 earnings: Revenues in line with analyst expectations

IronSource plunges 16% after AppLovin offers to buy Unity Software

Investor sentiment improved over the past week

Unity And ironSource: What Are Investors Missing?

Unity Software Underpaid For ironSource

Investor sentiment improved over the past week

ironSource price target lowered to $4.70 at Citi

Returns On Capital At ironSource (NYSE:IS) Paint A Concerning Picture

Price target decreased to US$6.02

ironSource: Yes It Was A SPAC, But It Is Also A Real, Profitable, High Growth Business!

Investor sentiment deteriorated over the past week

ironSource: 5x Cheaper Than Cloudflare And Trade Desk, Buy Now

ironSource: Compelling Valuation For Long-Term Investors

Consensus EPS estimates fall by 35%

Price target decreased to US$8.46

Investor sentiment deteriorated over the past week

ironSource: My Highest Conviction 2022 Top Tech Stock

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

ironSource (NYSE:IS) Will Want To Turn Around Its Return Trends

ironSource Ltd.: A Growth Software Stock Surpassing Revenue Expectations

ironSource Launches Dynamic Segmentation, Allowing Developers to Optimize their Segmentation Monetization Strategy in Real-Time

Consensus revenue estimates increase by 14%

Price target decreased to US$11.75

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

ironSource Ltd. Provides Earnings Guidance for the First Quarter and Full Year 2022

New Forecasts: Here's What Analysts Think The Future Holds For ironSource Ltd. (NYSE:IS)

ironSource Launches App Analytics to Help Developers Maximize Revenue, User Retention, and Growth of Mobile Apps and Games

ironSource Expands Its Ad Exchange with Powerful New Tools

ironSource Ltd. (NYSE:IS) completed the acquisition of Tapjoy, Inc.

ironSource First to Market to Support Apple App Store’s Custom Product Pages; Enabling Developers Using the ironSource Platform to Be First to Leverage New iOS 15 Feature

ironSource: Sticky App Enablement Platform, But Growth Slows Looking Ahead

Does This Valuation Of ironSource Ltd. (NYSE:IS) Imply Investors Are Overpaying?

ironSource (NYSE:IS) Is Posting Promising Earnings But The Good News Doesn’t Stop There

ironSource: An Interesting Way To Invest In The 'App Economy'

ironSource Announces Expansion of Its Ad Quality Solution

Consensus EPS estimates increase to US$0.055

ironSource Ltd. Revises Earnings Guidance for the Year 2021

ironSource Launches Aura on Samsung Devices in India

ironSource Price Target $22 Base Case For 165% Return

Shareholder Returns

Price Volatility

About the Company

ironSource Ltd. Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

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