Financial Performance - Revenues for Q3 2025 were $88,906,000, a slight increase of 0.5% compared to $88,479,000 in Q3 2024[15] - Net income for Q3 2025 was $453,000, compared to a net loss of $60,630,000 in Q3 2024, indicating a significant improvement[15] - Total revenues for the nine months ended September 30, 2025, were $264,004, a 1.1% increase from $261,111 in the same period of 2024[144] - The company reported a net loss available to common stockholders of $4,518,000 for Q3 2025, compared to a loss of $65,208,000 in Q3 2024[15] - For the nine months ended September 30, 2025, the net loss was $13,032,000, a significant improvement compared to a net loss of $63,392,000 for the same period in 2024, representing a reduction of approximately 79.5%[19] Revenue Breakdown - Content & Ad Measurement revenue for Q3 2025 was $75,519, representing 84.9% of total revenue, with a slight increase of 0.3% from $75,274 in Q3 2024[143] - Research & Insight Solutions revenue for Q3 2025 was $13,387, a 1.4% increase from $13,205 in Q3 2024[143] - Cross-Platform revenue for the nine months ended September 30, 2025, increased by 32.4% to $34,761 from $26,252 in 2024[144] - Research & Insight Solutions revenue for the nine months ended September 30, 2025, decreased by 6.0% to $38,566 from $41,028 in 2024[144] Expenses and Costs - Cost of revenues for Q3 2025 was $52,783,000, up from $52,005,000 in Q3 2024, representing an increase of 1.5%[15] - Total expenses from operations for Q3 2025 were $87,201,000, down from $148,084,000 in Q3 2024, a decrease of 41.0%[15] - Selling and marketing expenses for Q3 2025 totaled $14,551,000, representing 16.4% of revenue, an increase of 16.3% from $12,515,000 in Q3 2024[151] - Employee costs within selling and marketing increased by 18.2% to $11,451,000 in Q3 2025, primarily due to higher commissions and bonuses[151] - Research and development expenses for Q3 2025 were $7,184,000, accounting for 8.1% of revenue, a slight decrease of 1.2% from $7,272,000 in Q3 2024[154] Assets and Liabilities - Total current assets decreased to $91,518,000 as of September 30, 2025, down from $108,057,000 as of December 31, 2024, a decline of 15.3%[14] - Total liabilities decreased to $225,732,000 as of September 30, 2025, from $231,040,000 as of December 31, 2024, a reduction of 2.3%[14] - The total stockholders' equity (deficit) as of September 30, 2025, was $(26,257,000), compared to $(8,263,000) as of December 31, 2024[14] - The company’s accumulated deficit increased to $1,501,204,000 as of September 30, 2025, compared to $1,474,268,000 as of December 31, 2024[14] Cash Flow and Financing - Net cash provided by operating activities for the nine months ended September 30, 2025, was $19,489,000, down from $28,140,000 in 2024, indicating a decrease of about 30.8%[19] - The company reported a total cash, cash equivalents, and restricted cash of $29,883,000 as of September 30, 2025, up from $20,185,000 in 2024, marking an increase of about 48.4%[19] - The company has agreed to make a one-time cash payment of $2,000,000 to each of the Preferred Stockholders on June 30, 2028, contingent upon the closing of the Exchange Agreements[25] - The company incurred stock-based compensation expense of $2,863,000 for the nine months ended September 30, 2025, an increase from $2,267,000 in 2024, representing a rise of approximately 26.4%[19] Debt and Preferred Stock - The Credit Agreement provides a borrowing capacity of $60 million, consisting of a $45 million term loan and a $15 million revolving credit facility[85] - As of September 30, 2025, accrued dividends for the Preferred Stock totaled $22.9 million, with no shares converted into Common Stock[78] - The company was in compliance with the covenants under the Credit Agreement as of September 30, 2025[91] - The company issued 82,527,609 shares of Preferred Stock on March 10, 2021, generating gross proceeds of $204 million, with net proceeds of $187.9 million after issuance costs[64] Impairment and Goodwill - The company incurred no impairment charges related to goodwill during the three and nine months ended September 30, 2025, following a $63,000,000 charge in the same periods of 2024[159] - The Company recorded a $63.0 million non-cash impairment charge for goodwill during the three and nine months ended September 30, 2024, after concluding that the estimated fair value of its reporting unit was less than its carrying value[42] Legal and Compliance - The Company is involved in various legal proceedings, with a potential sales tax liability assessment from Washington state amounting to approximately $8.0 million[131] - The company conducted an evaluation of its disclosure controls and procedures, concluding they were effective as of September 30, 2025[206] - There were no changes in internal control over financial reporting during the most recent fiscal quarter that materially affected the company's internal control[207]

Core Insights - Comscore has announced a partnership with Polaris I/O to enhance media sales processes by integrating audience measurement data with the MarketView solution [1][3] - The collaboration aims to provide media sales teams with automated access to insights, facilitating quicker prospecting and pitching of new business [1][3] Company Overview - Comscore is recognized as a global leader in measuring and analyzing consumer behavior, providing comprehensive cross-platform measurement for media buyers and sellers [4] - The company combines various data sources, including digital, linear TV, and over-the-top viewership intelligence, to empower clients in making informed business decisions [4] MarketView Solution - Polaris I/O's MarketView identifies new and expanding businesses in local markets, offering validated contact information to media sales teams [2] - The solution also highlights larger cross-market opportunities and enterprise-level account insights, aiding in corporate account growth [2] Partnership Benefits - The partnership allows Comscore clients to automate research processes, significantly accelerating the media selling process [3] - Users of MarketView will gain a competitive edge by quickly accessing insights and engaging with prospects at scale, ultimately saving time [3] Future Developments - The automated workflow resulting from this partnership is currently in beta testing with select clients, with broader availability expected in 2026 [3]

Group 1 - The article does not provide any specific information or insights regarding a company or industry [1]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $88.9 million, a slight increase of 0.5% from $88.5 million in Q3 2024 [11] - Adjusted EBITDA for Q3 2025 was $11 million, down 11.1% from the prior year, resulting in an adjusted EBITDA margin of 12.4% [12] Business Line Data and Key Metrics Changes - Content and ad measurement revenue was $75.5 million, up 0.3% year-over-year, driven by growth in cross-platform and local TV offerings [11] - Cross-platform revenue reached $12.3 million, up 20.2% compared to the prior year, despite a strategy shift from a large retail media client [12] - Syndicated audience revenue decreased by 2.8% to $63.2 million, impacted by declines in national TV and syndicated digital products [12] - The movies business generated $9.5 million, up 1.9% from the prior year [12] - Research and insight solutions revenue was $13.4 million, up 1.4% from Q3 2024, primarily due to new business [12] Market Data and Key Metrics Changes - The company experienced double-digit growth in local TV offerings, indicating strong performance in local measurement [20] Company Strategy and Development Direction - The company is focused on enhancing cross-platform capabilities and has launched new solutions like comScore Content Measurement (CCM) to address industry needs [5][6] - A recent agreement with preferred shareholders aims to eliminate over $18 million in annual preferred dividends and improve alignment between preferred and common stockholders [10] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued solid double-digit growth in cross-platform revenue, despite short-term impacts from a client strategy shift [15] - The company is revising its full-year revenue guidance to be roughly flat with the prior year, reflecting the expected impact of the client shift [14] Other Important Information - The company is investing in new products and capabilities, which has affected financial results but is expected to drive future growth [13] Q&A Session Summary Question: Can you provide additional color on the large retail media advertiser that shifted away from Proximic? - The shift was primarily from a large retail media client with significant first-party data, impacting the Proximic business and expected to continue into Q4 [17] Question: What gives confidence that cross-platform growth opportunities can replace lost revenue? - The combination of Proximic's capabilities and the strong performance of cross-platform ad measurement products, particularly CCM, is expected to drive future growth [18][19] Question: How can the recent reports about competitors benefit comScore's local measurement adoption? - The company's strong capabilities in local measurement are expected to continue driving growth, supported by ongoing investments [20] Question: How does the recapitalization improve EBITDA to free cash flow conversion? - The recapitalization agreement is expected to provide benefits for common shareholders and improve financial flexibility for future investments [21][22]

Third Quarter 2025 Q3 2025 Earnings Call Jon Carpenter Chief Executive Officer Mary Margaret Curry Chief Financial Officer Cautionary Note Regarding Forward-Looking Statements Third Quarter Highlights $88.9M Revenue +$0.4M year-over-year $11.0M Adj. EBITDA 12.4% margin rate This presentation contains forward-looking statements within the meaning of federal and state securities laws, including, without limitation, our expectations, forecasts, plans and opinions regarding expected revenue and adjusted EBITDA ...

Revenue Performance - Revenue for Q3 2025 was $88.9 million, a 0.5% increase from $88.5 million in Q3 2024[6] - Total revenues for Q3 2025 were $88,906,000, a slight increase from $88,479,000 in Q3 2024, representing a year-over-year growth of 0.5%[28] - Total revenues for the nine months ended September 30, 2025, were $264.004 million, an increase of 1.1% from $261.111 million in the same period of 2024[31] Net Income and Loss - Net income for the quarter was $0.5 million, compared to a net loss of $60.6 million in Q3 2024[8] - Net income for Q3 2025 was $453,000, compared to a net loss of $60,630,000 in Q3 2024, marking a significant improvement[28] - The company reported a total net loss available to common stockholders of $4,518,000 for Q3 2025, down from a loss of $65,208,000 in Q3 2024[28] Adjusted EBITDA - Adjusted EBITDA for Q3 2025 was $11.0 million, down from $12.4 million in Q3 2024, resulting in adjusted EBITDA margins of 12.4%[9] - Adjusted EBITDA for Q3 2025 was $11,035,000, compared to $12,408,000 in Q3 2024, reflecting a decrease of 11.0%[30] - The non-GAAP adjusted EBITDA margin for Q3 2025 was 12.4%, slightly lower than 14.0% in Q3 2024[30] - The company maintains its full-year adjusted EBITDA margin guidance despite the revenue adjustments[13] Revenue Segmentation - Cross-platform solutions revenue grew by 20% year-over-year, driven by new client commitments[4] - Cross-Platform revenue grew by 20.2% to $12.299 million in Q3 2025, compared to $10.232 million in Q3 2024[31] - Excluding the impact of the strategy shift, cross-platform revenue grew 35.0% year-over-year in Q3 2025[13] - Research & Insight Solutions revenue for Q3 2025 was $13.387 million, a 1.4% increase from $13.205 million in Q3 2024[31] - Research & Insight Solutions revenue for the nine months ended September 30, 2025, decreased by 6.0% to $38.566 million, down from $41.028 million in the same period of 2024[31] - Syndicated Audience revenue for Q3 2025 was $63.220 million, down 2.8% from $65.042 million in Q3 2024[31] - Syndicated Audience revenue for the nine months ended September 30, 2025, was $190.677 million, a decrease of 1.6% from $193.831 million in the same period of 2024[31] - Revenue from the movies business within Syndicated Audience grew from $9.3 million in Q3 2024 to $9.5 million in Q3 2025[31] - Revenue from the movies business for the nine months ended September 30, 2025, increased from $27.7 million to $28.5 million compared to the same period in 2024[31] Expenses and Liabilities - Core operating expenses increased by 4.4% to $86.6 million, primarily due to higher employee compensation and professional fees[7] - Total current assets decreased to $91,518,000 as of September 30, 2025, down from $108,057,000 as of December 31, 2024, a decline of 15.3%[27] - Total liabilities decreased to $225,732,000 as of September 30, 2025, compared to $231,040,000 as of December 31, 2024, a reduction of 2.3%[27] Cash Position - Cash, cash equivalents, and restricted cash totaled $29.9 million as of September 30, 2025[12] - Cash and cash equivalents were $26,705,000 as of September 30, 2025, down from $29,937,000 as of December 31, 2024, a decrease of 7.5%[27] Recapitalization and Guidance - The company announced a recapitalization transaction that could eliminate over $18 million in annual preferred stock dividends[4] - Full-year revenue guidance has been revised to be roughly flat compared to the prior year due to a data-strategy shift by a customer[13] - The company incurred $63,000,000 in goodwill impairment in Q3 2024, which did not recur in Q3 2025, contributing to improved operational results[28] - The company’s accumulated deficit increased to $1,501,204,000 as of September 30, 2025, compared to $1,474,268,000 as of December 31, 2024[27]

Core Insights - Comscore, Inc. reported a revenue of $88.9 million for Q3 2025, reflecting a 0.5% increase from $88.5 million in Q3 2024, with significant growth in cross-platform solutions and local TV [5][9] - The company announced a recapitalization transaction aimed at eliminating annual dividends on preferred stock, which would enhance financial flexibility for investments in growth areas [2][9] - Adjusted EBITDA for the quarter was $11.0 million, down from $12.4 million in Q3 2024, resulting in adjusted EBITDA margins of 12.4% compared to 14.0% in the prior year [8][9] Financial Performance - Revenue from cross-platform solutions grew by 20% year-over-year, driven by new client commitments to multiyear measurement deals [2][9] - Local TV revenue experienced double-digit growth, attributed to key renewals and new business [2][9] - Net income for Q3 2025 was $0.5 million, a significant recovery from a net loss of $60.6 million in Q3 2024, primarily due to a non-cash goodwill impairment charge in the previous year [7][9] Operational Highlights - Core operating expenses increased by 4.4% to $86.6 million, mainly due to higher employee compensation and professional fees, partially offset by lower data costs [6][9] - The company is recalibrating its full-year revenue guidance to be roughly flat compared to the previous year, influenced by a data-strategy shift from a major customer [12][9] - Excluding the impact of the data-strategy shift, cross-platform revenue would have grown by 35% year-over-year in Q3 2025 [12][9] Balance Sheet and Liquidity - As of September 30, 2025, Comscore had cash, cash equivalents, and restricted cash totaling $29.9 million, with outstanding debt under its senior secured term loan at $44.7 million [11][9] - The company had no outstanding borrowings under its revolving credit facility, maintaining a remaining borrowing capacity of $15.0 million [11][9] Market Position and Strategy - Comscore aims to establish itself as the premier currency for local market transactions, with ongoing investments in cross-platform measurement capabilities [2][9] - The company is optimistic about its growth trajectory despite the recent adjustments in revenue guidance, indicating confidence in the continued adoption of its cross-platform solutions [2][9]

Core Insights - The 2025 State of Streaming report by Comscore indicates significant growth in ad-supported streaming services, with Netflix's ad-supported tier seeing a rise in household viewing from 34% to 45% year-over-year [3][4] - Total hours watched on major free ad-supported streaming services increased by 43% year-over-year, highlighting a robust demand for ad-supported content [2][3] - Connected TV (CTV) streaming reached 96.4 million households, with a 6% increase in total streaming hours to 13.9 billion [4][5] Consumer Behavior Trends - Consumers are increasingly favoring value, simplicity, and easy access to content, leading to the growth of FAST channels and ad-supported tiers [3][4] - Households are now spending nearly 5 hours per day streaming, integrating platforms like YouTube into their regular viewing habits [5] Market Dynamics - The average household is now engaging with content from 6.9 streaming services, indicating a trend towards a more mature streaming market [4] - The report emphasizes the blending of linear TV familiarity with the convenience of streaming as a key growth driver for FAST channels [3]

Core Viewpoint - Comscore, Inc. plans to hold a conference call to discuss its financial results for the third quarter ended September 30, 2025, on November 4th at 5:00 p.m. ET [1] Group 1: Conference Call Details - The conference call can be accessed via live webcast or telephone registration [2] - A replay of the conference call will be available via webcast after the event [3] Group 2: Company Overview - Comscore is a global partner for planning, transacting, and evaluating media across various platforms, providing insights into digital, linear TV, and theatrical viewership [4] - The company is recognized as a leader in measuring digital and TV audiences and advertising, serving as a reliable source for cross-platform measurement [4]