IS - IS STOCK NEWS

ironSource (NYSE: IS) has expanded its partnership with Samsung to enhance customer engagement in the MENA region through its Aura solution suite. This technology provides relevant content and apps on Samsung devices, now integrated across over 50 markets in MENA. With Aura, ironSource aims to optimize user experience and reduce churn. The partnership reflects the companies' commitment to delivering personalized device experiences, fostering user engagement, and retaining customers. Aura has been integrated on more than 1.1 billion devices globally since February 2022.

ironSource (NYSE: IS) has launched an updated ROAS (Return On Ad Spend) Optimizer, designed for app developers to effectively track and enhance their user acquisition campaigns. This tool offers a dedicated area for ROAS optimization data, allowing marketers to visualize performance trends and adjust goals accordingly. The update includes self-serve capabilities for campaign optimization and frequent improvements to the engine for better efficiency. Marketers report increased insights and control, enhancing their decision-making and campaign effectiveness.

ironSource supports the merger with Unity after Unity's Board rejected an unsolicited proposal from AppLovin. The merger aims to enhance synergies and profitability, projecting $1 billion in Adjusted EBITDA by the end of 2024 and $300 million in annual synergies by year three. The Board remains committed to completing the merger in Q4 2023, emphasizing the strategic value for shareholders and customers.

Unity (NYSE: U) announced that its Board of Directors has analyzed an unsolicited proposal from AppLovin (NASDAQ: APP) and concluded it does not present a superior alternative to its merger agreement with ironSource (NYSE: IS). The Board encourages shareholders to support the ironSource deal, which aims to create a comprehensive platform for gaming and monetization. Expected outcomes include $1 billion in Adjusted EBITDA by 2024 and $300 million in annual synergies. Additionally, a $2.5 billion share buyback program has been authorized upon merger closure.

ironSource reported Q2 2022 revenues of $183 million, a 35% increase year-over-year, alongside a GAAP net income of $13 million and an Adjusted EBITDA of $56 million, reflecting a 31% margin. The company boasts a dollar-based net expansion rate of 142% with 446 clients generating over $100,000 in revenue. The company's merger with Unity Software, valued at $4.4 billion, is anticipated to close in Q4 2022, subject to approvals.

ironSource (NYSE: IS) announced it will release its second-quarter financial results for the period ending June 30, 2022, on August 10, 2022. The company is set to merge with Unity Software in an all-stock deal valued at approximately $4.4 billion, which has been approved by both boards and is expected to close in Q4 2022, pending regulatory and shareholder approvals. Due to this merger, ironSource will not host a conference call or provide updated financial guidance with the earnings release.

Unity and ironSource have announced a transformative merger to create the industry's first end-to-end platform for live games and real-time 3D (RT3D) content. The all-stock deal, valuing ironSource at approximately $4.4 billion, is expected to deliver $1 billion in Adjusted EBITDA by the end of 2024 and $300 million in annual synergies by year three. Post-merger, Unity shareholders will own ~73.5% of the new entity. Silver Lake and Sequoia have committed $1 billion in convertible notes to Unity. The transaction is anticipated to close in Q4 2022.