of and last you morning, a speed is and segments on you those amount where our extensive focused of where considerable call, Rachel. Good activities we to in we our bringing everyone. segments provided the In and spent each positioned downturn up Thanks, the on time quarter they're all with heading. details through of
how not to we'll you're our like any E&P up is an software structural topics. you'd update this free sum clear to positioning please second well quarter our and We'll there deep Then the update the library the positioned, on our on you on we the any focus license topics of I'll go few the If a expectations recommend call, for of the data our part an focusing work management on and key a rounds, fourth by progress discuss our raise our rather review segment, If join In dive quarter. of transcript. call than business, business. untouched feel are advisor's back for on license and address, Q&A. upcoming
First, the let's discuss financials.
we as by quarters, of launched XD momentum continued quarter second increased select strong the and sequentially, as call, on on as XX% and such offerings, sales well capital flowing the our new programs reimaging third production first where we last seeing multi-client is less have are year. revenues opportunities to cycle areas efforts the this geographic our As dependent driven I targeted recovery Similar off. these of and strong pay said programs optimization we
last the of year. of the in of bottom third services from third Excluding seismic are revenues crew our quarter generated $XX $XX million our from XXXX, quarter up million ocean revenue XX% of
X adjusted quarter brings was first this million. quarters the our adjusted for double year. million, EBITDA EBITDA $XX in the EBITDA adjusted This of the Our generated first to third the $XX for half
and X EBITDA in the $X income backlog quarters that the the first compared we of and to in calls million net have revenues as quarter of since $X the a time last results. EBITDA improve of are We income both first driven year. reported net This quarter XXXX. quarter We as built, XXXX Our of is we been quarter partially in by second our consecutive is third year third reflected the adjusted as million to the sequentially high half third income stated net our it's breakeven of since adjusted better reported expected EBITDA. which earnings that significant unfolded, we or
quarter first third improved second and by on quarter the by XX%, revenues Our second improved the our XX%. quarter on
be turned more The speak strong, to comments. anticipated. fourth to summary my that quarter the believe still third We be quarter and in I'll we out even than stronger will
to the our million topic. the on continued $XX backlog with year. $XX and next of million at end strong quarter We million $XX to of Moving ended sequentially compared last
When library. from As activity from quarter in in they shifts transacted onto recognized programs to revenue this progress, it's in. shelf the data backlog move the occurs, our work-in-progress
As continued programs backlog to build meaningful reduce, a we forward. data library, becoming to such metric expect and as less moving we complete our
Just level drove X-year we which a period no we consistent to should to June for In program. the be to date, programs projects. backlog, X off clear and of reimaging which of to build the the XXXX begin Campeche sanctioned pipeline as of as with surgeon a XXXX, reminder, we the new exception May now sanctioned XXXX programs
obtain This X new programs round programs quarter, third anticipated compared to venture There increase licensing in quarter advance announced of been new programs This over a focus in clients XX on XXXX. demonstrates to with increase has in year. data our offshore an rounds of revenue to and interest the XXXX we'll new XXXX. in active significant a we license experienced in the start sanctioned renewed X XXX%, uptick revenues Today, rounds last sanctioned underwriting of to of of activity, to evaluate discoveries. or in and
expected or are to active rounds next launch XX than in more X months. the fact, In
slides, we've of with you of positioning you can those For a where slide the following data. our rounds see and who included are license along our
rounds XX slide. I the XX is market You the of indicated these offshore licensed the the further see that and includes picking on can starting distribution license deferred XXXX, geographic downturn up. rounds through in of This this
programs by are show. geological our held companies shows the for extensive library We the activity positioned numerous Our governments activity, AAPG and was trade largest trade bidding the we to course in which spoke London host room in October. one in well room data the of oil a evident over at where data showcased our upcoming ICE, of private in
in XXXX. XX current to XX relevant to the licensing or programs are Our of rounds anticipated offshore XXXX
in postponed contract launching and the integrated oil round, and kilometers to September super has third to ION's price the XX. round anticipated of offers XX,XXX and Uruguay's into XXXX. SPAN bidding we in extensive majors start includes Uruguay's data third kilometer April in our X, is legislation on Qualification officials XX,XXX of for data interest X,XXX pending independents XXXX ends several in XXXX, Uruguay the XXXX offshore and initially changes. example, dense round seen kilometers due significant terms, improved and environment the launch hydrocarbon data since April large With For Uruguay of XX, reimaged the XXXX, low from and recently opening of XXXX. set reimaged basin scheduled legacy in for SPAN and acquired
Caribbean. Panama, Libya, [indiscernible] came in Mexico, Peru areas the revenues Brazil, diverse from venture across New and geographic
color to add to Now, I'd programs. like specific some
in future around We inform to auctions for pursuing In see demand, continue to beyond. and multiple our we upcoming Mexico relevant Due as to actively July, auctions rounds offshore as drive incremental held provides XD regional will will round, rounds hold X.X bid that, moving CNH National strategies due Campeche Campeche in through to plans the blocks believe Commission, license the be and on Hydrocarbons multi-client to X.X to XXXX. hold and CNH, the which the yearly in The these January program demand XXXX. X.X, come. strong the to announced around will other the years sales, investment are forward. twice Campeche Round extensions in next to to to X Mexican data X client come is both years the plans program CNH we it well for to After oil reimaging XXXX framework program. continue
as our in program offshore products reminder, processing we backlog. first in by and reports interpretation was scheduled the quarter Fast-track before program our second completed already on the the year new a Gabon. data quarter acquired this are and be the XXXX, final discussed will As to into library first delivered section the multi-client have shift of where end been
in license be detail is reminder, Campeche, rounds this rounds at Our XD in 'XX great to years. call. it is in the as and valuable year But regional a discussed the X program just this rounds We program XX new Brazil. for license X reimaging will was X in framework round of provide a will multiple be make of XX, second least relevant for multi-client multiple years 'XX, in which success. this program will Picanha completed announced. another for to will 'XX, X 'XX in like Round program come. large second multi-client Picanha relevant a the last Brazil September, considered and There program
made rounds. operator. the success were by $XXX this bid offered awarded with commitments. were The signature blocks Basin in well the those third auctions license $X.X from Exxon XX Mobil success the consortium a also round XX,XXX sector pre-sought rounds Following X in blocks. history bonuses will Campos $X.X billion XX XX to of in October on companies considered reestablishment is the rounds owned upcoming blocks bonus XXXX, with in more the positioned kilometers total year, program covering the X government, auction These EMP believe X to a be which approximately environment. X the XX's X second on maturities, were We Brazil, offers. its of XX. a marked business-friendly changes Two service renewed block in Petrobras result bonuses. as countries, in were in benefit the by winning and blocks investment the reflects for exploration decade, X regulatory and this the record-breaking X X more million for of presence of the regulatory and Brazil signature by interest in Petrobras rounds the EMP largest million big the a Exxon worst created Brazilian Mobil and the fetching square where In and acquired, vastly for is and Brazil billion held XXXX of Picanha a year; and biggest as will held each from approximately generating X expanded signing blocks in the state in round. $XXX pre-sought
the evaluate due of E&P companies basin Panama, The typical last seismic become the and frontier strategies. third Brazil. a complete to need and sanctioned and the data the the provides access programs legacy program limited available of provides the on to specifically where increasingly XX region. such acquired commenced we is Panama hydrocarbon the of third the only evaluate program detailed new anticipated adjacent program exist blocks as we prefunding Building approximately acquire and seismic X,XXX SPAN be regional It's ahead are guide X years. exploration began Shortly expected programs by Our The XD the programs to in Panama's evaluate of more E&P The advance in be interested offshore be Colombia, this deliverables the quarter. client-driven new of coverage available round. overall available areas a data highlights of a data to prospectivity first to new fourth after to acquisition that XX% expanded and compared geology inaugural survey first Initial will approximately license in will when evaluate potential. data extension framework, select offshore program data extension to allow data to gain Mexico interest round. license as multi-client area in the reprocess the modern regional announced to This hydrocarbon investment immediately today client the offshore recent to the to success in Caribbean strong during quarter program in can started, survey there quarter, offshore on high-quality interpretation to will Panama. and companies in where the kilometers coast, mid-XXXX continue will it
is program Commission, XD Gulf library. reimages round and now is year, available program January Western fully The fast-track Mexico data license XX,XXX Mexican X round, X.X, our in square our multi-client from another data a to funded are Ridges. new surveys, and XXXX. covering new in reprocesses kilometers data the library National area Deepwater for this approximately For reimaging Hydrocarbons CNH, the in Mexican expanding program offshore fourth broadband we This with multi-client program the
Gulf opportunities cost-effective, prospect expertise regional basin. Our derisk improve of and in in imaging Mexico provide us identification the to to the high-quality enabled multiple exploration
with In and fifth in a currently are the is program. year petroleum The project clients addition, we to the this reimaging discussions new offshore underexplored program relatively extend system. Argentina multi-client
knowledge E&P almost the quarter, full enabled report years, was provide operator this seismic XX plan approximately The set We of rounds. in interpret host working potential available. gained E&P confidently detailing and leads exploration to For and rights. data ION's the inventory us gas to exclusive the licensing efforts oil and data described expanded well private companies only ArgentineSPAN and to with their the an add secured fundamental shift which Last exploration license data there jump-start data. a broadly ION vintage history, advisors' focus interpretational from geologic an the governments, advance group, from XX,XXX more kilometers firms. and advised to our of has equity in expected we of framework
short competition As round contract. license to designed government investment, third management long-term, blocks of evaluations multi-year in to The we major globally attract revenue revenues In a their of rejuvenation world the said, government quarter the expanded the out heightened maximum services distressed and service the push a of exploration a millions assets success-based promote engagement dollars expected is expect of recognize since the couple host -- attract to governments of the now potential new and well E&P fields expect awarded be the of as quarter This this in help we as we where you significantly told to a investment. advisory success-based a term, offered. advisory to more technical revenue is as scope into evaluation in such, but XXXX. has to for of was host services greater conduct this our last will this in fourth revenues province consultancy their XXXX. work oil we recently has group for And
the this our host distressed our track government incremental The of phase technical expand volume The round work of us are first We on revenues evaluation. in include to XX% scope additional fields license year. asked increases and project work current evaluation our approximately complete short-term. to to in service the
our delays also it stages However, evaluations. subsequent of
revenues services a of of success-based revenues anticipate this in able acreage. result, being offer still to the revenues to We to our Xx happen As would and to XXXX as value early the higher to we due be We're the they the XXXX governments service revenues. expansion in expect about project to timing range capability of their XXXX. maximize success-based excited Xx very
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to the As I for said before, ION. nice Steve software I'll wrap turn call to I'll that, Marlin very over potential then develop to we and questions. business walk up believe us a the before taking through a financials, that has With into
