Comscore Reports Third Quarter 2024 Financial Results

Comscore Q3 Revenue Falls 2.8% to $88.5M, Reports $60.6M Loss on Impairment Charge | SCOR Stock News

Comscore reported third-quarter 2024 financial results, showing a 2.8% decline in revenue to $88.5 million and a net loss of $60.6 million, primarily due to a non-cash goodwill impairment charge of $63.0 million. Despite the overall decline, cross-platform revenue grew by 33.5% year-over-year, while Research & Insight Solutions revenue decreased by 14.2%. Adjusted EBITDA was $10.1 million with an 11.5% margin. Comscore adjusted its 2024 revenue guidance to $351-355 million and maintained its adjusted EBITDA margin guidance of at least 10%.

Comscore

Comscore is a company that provides media measurement across platforms, facilitating planning, transacting, and evaluating media performance.

comScore, Inc. operates as an information and analytics company that measures advertising, consumer behavior, and audiences across media platforms in the United States, Europe, Latin America, Canada, and internationally. The company offers ratings and planning products and services, including Media Metrix Multi-Platform and Mobile Metrix, which measure Websites and apps on computers, smartphones, and tablets; Video Metrix that delivers measurement of digital video consumption; Plan Metrix, which offers understanding of consumer lifestyle; TV Essentials that combines TV viewing information with marketing segmentation and consumer databases; and StationView Essentials to understand consumer viewing patterns and characteristics. Its ratings and planning products and services also comprises Cross-Platform solutions, including Comscore Campaign Ratings for verification of mobile and desktop video campaigns; OnDemand Essentials that provides transactional tracking and reporting; validated Campaign Essentials, which validates whether digital ad impressions are visible to humans, identifies those that are fraudulent, and verifies that ads are shown in brand safe content and delivered to the right audience targets; and Total Home Panel Suite, which capture OTT, connected TV, and IOT device usage and content consumption. In addition, the company offers analytics and optimization products and services that provide solutions for planning, optimization, and evaluation of advertising campaigns and brand protection. Further, it provides movies reporting and analytics products and services to measure movie viewership and box office results by capturing movie ticket sales in real time or near real time. The company serves digital publishers, television networks, movie studios, content owners, brand advertisers, agencies, and technology providers. comScore, Inc. was incorporated in 1999 and is headquartered in Reston, Virginia.

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Comscore

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