ironSource Announces Record First Quarter 2022 Results
ironSource Ltd. Class A Ordinary Shares (IS)
Company Research
Source: Business Wire
Record Revenue of $190 million, 58% year-over-year growthRecord Adjusted EBITDA of $59 million, 31% Adjusted EBITDA marginDollar-based net expansion rate of 153% TEL AVIV, Israel--(BUSINESS WIRE)--ironSource (NYSE: IS) (“ironSource” or the “Company”), a leading business platform for the App Economy, today announced financial results for the three months ended March 31, 2022. In addition, the Company provided its initial outlook for the second quarter ending June 30, 2022.“We’ve had an excellent quarter, with record revenue of $190 million, growing 58% year-over-year, and a dollar-based net expansion rate of 153%, as ironSource has become the gateway to the App Economy and the platform of choice for app developers turning their apps into successful businesses,” said Tomer Bar-Zeev, CEO and co founder of ironSource. “Our strong execution reflects our scale, product innovation and data advantage. No less important, our results highlight our deep knowledge of what is necessary to creat
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