Publisher Independence

    Publica (IAS): CTV ad server, ownership, pricing model and alternatives

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    Publica is a connected TV ad server that runs unified auctions and server-side ad insertion for streaming services and TV makers. Integral Ad Science bought it in August 2021, and IAS itself was taken private by funds managed by Novacap in December 2025. IAS said Publica served over 10 billion CTV ads a month (company claim, IAS 10-K, FY2024).

    Contents

    At a glance

    Company

    Publica LLC, a subsidiary of Integral Ad Science Holding Corp. (IAS 10-K, FY2021)

    Headquarters

    Palo Alto, California, with offices in New York, Los Angeles, London and Paris (Publica, About, accessed 9 November 2026); parent IAS at 12 East 49th Street, New York (SEC EDGAR)

    Founded

    2016 (Publica, About)

    Ownership

    Private: IAS acquired Publica on 9 August 2021 (IAS 10-K, FY2021); affiliates of funds managed by Novacap Management Inc. acquired IAS on 23 December 2025 (IAS 8-K, 23 December 2025)

    Product category

    CTV ad server with unified auction and SSAI

    What it does

    Decides and stitches the ads in streaming breaks, running direct campaigns and video SSPs in one auction

    Deployment model

    SaaS for CTV channels, virtual MVPDs, TV makers and web or app video publishers (Publica)

    Pricing model

    Not published; IAS reported Publica within "publisher revenue" from "CTV ad serving products that publishers adopt" (IAS 10-K, FY2024)

    Key integrations

    Optable ID Switchboard for LiveRamp, ID5 and UID2 signals, announced 5 November 2026 (PPC Land, 8 November 2026)

    Publicly named customers

    Crunchyroll, E. W. Scripps, Fox, IGN, MLB, Samsung, Philo and XUMO (IAS 10-K, FY2024)

    Standards supported

    IAB Europe TCF vendor 860, Publica LLC (GVL v184, 5 November 2026); VAST and OpenRTB versions n/d

    Last verified

    9 November 2026

    FieldPublica

    Company

    Publica LLC, a subsidiary of Integral Ad Science Holding Corp. (IAS 10-K, FY2021)

    Headquarters

    Palo Alto, California, with offices in New York, Los Angeles, London and Paris (Publica, About, accessed 9 November 2026); parent IAS at 12 East 49th Street, New York (SEC EDGAR)

    Founded

    2016 (Publica, About)

    Ownership

    Private: IAS acquired Publica on 9 August 2021 (IAS 10-K, FY2021); affiliates of funds managed by Novacap Management Inc. acquired IAS on 23 December 2025 (IAS 8-K, 23 December 2025)

    Product category

    CTV ad server with unified auction and SSAI

    What it does

    Decides and stitches the ads in streaming breaks, running direct campaigns and video SSPs in one auction

    Deployment model

    SaaS for CTV channels, virtual MVPDs, TV makers and web or app video publishers (Publica)

    Pricing model

    Not published; IAS reported Publica within "publisher revenue" from "CTV ad serving products that publishers adopt" (IAS 10-K, FY2024)

    Key integrations

    Optable ID Switchboard for LiveRamp, ID5 and UID2 signals, announced 5 November 2026 (PPC Land, 8 November 2026)

    Publicly named customers

    Crunchyroll, E. W. Scripps, Fox, IGN, MLB, Samsung, Philo and XUMO (IAS 10-K, FY2024)

    Standards supported

    IAB Europe TCF vendor 860, Publica LLC (GVL v184, 5 November 2026); VAST and OpenRTB versions n/d

    Last verified

    9 November 2026

    What it does

    Publica sells one thing: ad break decisioning for streaming TV. Its site describes an "open, transparent & demand agnostic" ad server with OTT header bidding, audience targeting, campaign management, server-side ad insertion, ad pod automation and analytics (Publica, accessed 9 November 2026). IAS's annual report summarises the products as "a Unified Auction, Ad Server and a Server-Side Ad Insertion ('SSAI') solution" (IAS 10-K, FY2024).

    The client list leans to TV makers and free streaming services. IAS named Crunchyroll, E. W. Scripps, Fox, IGN, MLB, Samsung, Philo and XUMO as Publica publishers. Testimonials on Publica's site come from Samsung Ads, Philo and Crunchyroll (company site, Publica).

    Its owner differs from its rivals' owners. FreeWheel belongs to Comcast and SpringServe to Magnite, both of which sell ad inventory or exchange access. IAS's main business is verification and optimisation for advertisers (IAS 10-K, FY2024). That does not remove every conflict, because IAS also measures the media its publisher clients sell.

    How it works

    Publica sits between a streaming app and its demand. When a break starts, it runs an auction among "leading video SSPs & direct demand", builds a pod and stitches the ads into the stream (Publica). The SSAI and CTV ad serving explainer shows where the stitcher sits.

    Two features stand out. Elea ai is Publica's automation for keeping viewers from seeing "the same ads over and over", per a Philo testimonial (Publica). And since 5 November 2026, publishers can attach several identity signals at once through Optable, choosing which buyers receive them (PPC Land, 8 November 2026). The three named identifiers are RampID, ID5 and UID2. IAS cited an eCPM gain of about 20% at one unnamed publisher, measured against inventory with no IDs (company claim). The wider identity question is covered in identity after Privacy Sandbox.

    Ownership chain

    4 of 4 rows

    Columns (3)

    2016

    Publica founded

    9 August 2021

    IAS buys Publica for $171.4 million in cash plus 2,888,889 shares valued at $49.6 million

    24 September 2025

    IAS agrees to merge with Igloo Group Parent, Inc., an affiliate of Novacap-managed funds

    23 December 2025

    Merger closes at $10.30 a share in cash; IAS leaves Nasdaq

    9 August 2021

    Event

    IAS buys Publica for $171.4 million in cash plus 2,888,889 shares valued at $49.6 million

    24 September 2025

    Event

    IAS agrees to merge with Igloo Group Parent, Inc., an affiliate of Novacap-managed funds

    Download JSON

    Table by AdSovereign, CC BY 4.0.

    Going private ended IAS's quarterly filings, which were the best public window into Publica. The last figures show growth: IAS's publisher revenue rose 20% to $76.5 million in 2024, "primarily due to the growth of Publica" (IAS 10-K, FY2024). In the third quarter of 2025 it rose 21%, again credited to Publica (IAS 10-Q, Q3 2025).

    Pricing

    Publica publishes no prices, and IAS never disclosed Publica's fee structure on its own. Its filings place Publica inside publisher revenue, alongside other publisher tools. Ask for the ad serving fee per thousand impressions, any SSAI charge per stream, and whether the unified auction carries a share of programmatic spend.

    What the Google remedies change

    Nothing directly. The court's interoperability and data remedies cover open-web display, and it rejected requests to extend data sharing to in-stream video and in-app ads (Memorandum Opinion, Dkt. 1858, p. 70). Publica keeps competing with Google Ad Manager's video tools on features and price.

    Strengths and limits

    Strengths

    • Built only for CTV. Unified auction, podding and insertion in one product.
    • Owner does not run an exchange. IAS's core business is verification and optimisation for advertisers.
    • Named TV clients. Samsung, Fox, MLB and Crunchyroll appear in IAS's annual report.
    • Identity options without separate integrations through Optable (PPC Land).

    Limits

    • Less disclosure since December 2025. IAS no longer files with the SEC.
    • Stale public newsroom. The latest news items on Publica's site date from 2023.
    • No pricing. Fees are negotiated.
    • Measurement overlap. The parent measures the inventory its ad server clients sell.

    Alternatives

    • FreeWheel: Comcast's ad server and SSP for broadcasters.
    • SpringServe: Magnite's ad server combined with its streaming SSP.
    • Equativ: an independent group with a CTV ad server and SSAI.

    IAS's verification products are covered in the Integral Ad Science profile. The full streaming comparison is CTV ad server options, and the series sits on the publisher independence hub.

    What we could not verify

    • Publica's prices, revenue and number of clients since 2024.
    • Whether Novacap plans to keep, merge or sell Publica.
    • The VAST and OpenRTB versions Publica supports.
    • The publisher behind the 20% eCPM figure.

    FAQ

    Who owns Publica?
    Integral Ad Science, which bought it in August 2021. IAS has been privately owned since 23 December 2025, when affiliates of funds managed by Novacap Management Inc. completed the purchase at $10.30 a share (IAS 8-K).
    How much does Publica cost?
    Publica and IAS publish no prices. IAS reported Publica's income inside publisher revenue, which was $76.5 million in 2024 (IAS 10-K, FY2024).
    Which identity solutions does Publica support?
    Through Optable's ID Switchboard, added on 5 November 2026, publishers can pass LiveRamp, ID5 and UID2 signals to buyers they choose (PPC Land, 8 November 2026). IAS's wording, "including", leaves room for more.

    Sources

    1. Publica, home page (accessed 9 November 2026). https://getpublica.com/
    2. Publica, About (accessed 9 November 2026). https://getpublica.com/about
    3. Integral Ad Science Holding Corp., Form 10-K for fiscal year 2024 (filed 28 February 2025). https://www.sec.gov/Archives/edgar/data/1842718/000184271825000023/ias-20241231.htm
    4. Integral Ad Science Holding Corp., Form 10-K for fiscal year 2021 (filed 3 March 2022). https://www.sec.gov/Archives/edgar/data/1842718/000162828022004899/ias-20211231.htm
    5. Integral Ad Science Holding Corp., Form 10-Q for the quarter ended 30 September 2025 (filed 4 November 2025). https://www.sec.gov/Archives/edgar/data/1842718/000184271825000109/ias-20250930.htm
    6. Integral Ad Science Holding Corp., Form 8-K on completion of the merger (filed 23 December 2025). https://www.sec.gov/Archives/edgar/data/1842718/000114036125046475/ef20061707_8k.htm
    7. US Securities and Exchange Commission, EDGAR submissions record for Integral Ad Science Holding Corp. (accessed 9 November 2026). https://data.sec.gov/submissions/CIK0001842718.json
    8. PPC Land, "Publica publishers gain UID2, ID5 and LiveRamp signals via one Optable link" (8 November 2026). https://ppc.land/publica-publishers-gain-uid2-id5-and-liveramp-signals-via-one-optable-link/
    9. United States v. Google LLC, No. 1:23-cv-00108 (E.D. Va.), Memorandum Opinion, Dkt. 1858 (2 September 2026). https://www.courthousenews.com/wp-content/uploads/2026/09/google-judge-memo.pdf
    10. IAB Europe, Global Vendor List v3, version 184 (last updated 5 November 2026). https://vendor-list.consensu.org/v3/vendor-list.json
    Changelog
    • 9 November 2026: profile drafted with IAS filings through the December 2025 take-private and the Optable integration of 5 November 2026.

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