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comScore(SCOR) - 2020 Q4 - Earnings Call Transcript
2021-03-10 17:51
Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $90 million, down from $95.2 million in the same quarter last year [32] - Adjusted EBITDA for the fourth quarter was $9.4 million, compared to $5.5 million for the same period last year, with a full year adjusted EBITDA of over $32 million in 2020, up from $6 million in 2019 [42][12] - The net loss for the fourth quarter was $13.2 million, an improvement from a net loss of $21.4 million in the same period last year [42] Business Line Data and Key Metrics Changes - Revenue from ratings and planning in the fourth quarter was $63.6 million, down from $66.8 million year-over-year, primarily due to declines in syndicated digital products [33] - Analytics and optimization revenue increased to $19.3 million from $17.7 million year-over-year, driven by higher custom digital marketing solutions revenue [34] - Movies reporting and analytics revenue fell to $7.1 million from $10.7 million in the prior year, impacted by ongoing theater closures [36] Market Data and Key Metrics Changes - The company noted that its international digital services, which represent about 25% of its syndicated digital services, were harder hit by COVID-19 but are expected to resume growth later in 2021 [11] - The connected TV business is gaining momentum, with advertising agency clients increasingly embracing advanced audience metrics [9] Company Strategy and Development Direction - The company aims to eliminate outstanding debt and invest in next-generation products with the support of new strategic investors [4] - Focus on privacy-safe measurement and preparation for a cookieless world, leveraging predictive audience solutions [14][16] - Expansion into international markets is strategic, with a focus on profitability and partnerships with large tech companies [110] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about revenue growth in 2021, expecting a 3% to 5% increase, particularly in the second half of the year [45] - The first quarter of 2021 is expected to be impacted by lower movie revenue, but improvements are anticipated as the year progresses [46] - Management highlighted the importance of partnerships in the connected TV space and the competitive landscape [58] Other Important Information - The company ended the fourth quarter with total cash of $50.7 million, down from $66.8 million at the end of 2019, primarily due to cash interest payments [43] - A non-cash charge related to debt extinguishment and associated derivatives is expected in the first quarter, estimated between $15 million and $25 million [49] Q&A Session Summary Question: Investment spend and product roadmap - Management indicated that investments will focus on leveraging existing data sets to create new products, with progress already made in 2020 [54][56] Question: Importance of partnerships in connected TV - Management emphasized that partnerships are crucial for effective advertising and data integration, and they do not need to own everything to succeed [58] Question: 2021 margin guidance - Management expects margins to improve throughout the year, with revenue growth leading to margin expansion by the end of 2021 [63] Question: Movie revenue recovery - Management believes movie revenue will bottom out in the first quarter, with expectations for recovery as theaters reopen [37][46] Question: Approach to declining payments to MVPDs - Management stated that customers use multiple measurement sources, and the company is well-positioned to capitalize on its census measurement approach [88] Question: Preparing for risks of email-based IDs - Management has been preparing for changes in the advertising landscape since 2019 and believes they are in a strong position to adapt [94]
comScore(SCOR) - 2020 Q4 - Annual Report
2021-03-10 02:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________ Form 10-K __________________________________________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001 ...
comScore(SCOR) - 2020 Q3 - Earnings Call Transcript
2020-11-10 01:55
comScore, Inc. (NASDAQ:SCOR) Q3 2020 Results Conference Call November 9, 2020 5:00 PM ET Company Participants Christopher Ferris - Director-Investor Relations Bill Livek - Chief Executive Officer Greg Fink - Chief Financial Officer Conference Call Participants Laura Martin - Needham Matthew Thornton - Truist Securities Alan Gould - Loop Capital Richard Kramer - Arete Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the comScore Third Quarter 2020 Financial Results Conference ...
comScore(SCOR) - 2020 Q3 - Quarterly Report
2020-11-09 21:46
For the transition period from to Commission file number: 001-33520 _____________________________________________ comScore, Inc. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...
comScore(SCOR) - 2020 Q2 - Earnings Call Transcript
2020-08-11 03:08
Comscore, Inc. (NASDAQ:SCOR) Q2 2020 Earnings Conference Call August 10, 2020 5:00 PM ET Company Participants Christopher Ferris – Director-Investor Relations Bill Livek – Chief Executive Officer Greg Fink – Chief Financial Officer Conference Call Participants Surinder Thind – Jefferies Laura Martin – Needham Matthew Brom – Truist Securities Richard Krame – Arete Alan Gould – Loop Capital Operator Welcome to the Comscore’s Second Quarter 2020 Financial Results Conference Call. All participants are in a list ...
comScore(SCOR) - 2020 Q2 - Quarterly Report
2020-08-10 20:31
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33520 ________________________________ comScore, Inc. (Exact name of registrant as specified in its charter) ________________________________ Delaware 54-1955550 (State ...
comScore(SCOR) - 2020 Q1 - Earnings Call Transcript
2020-05-10 21:53
Comscore, Inc. (NASDAQ:SCOR) Q1 2020 Results Conference Call May 7, 2020 5:00 PM ET Company Participants Chris Ferris - Director, IR Bill Livek - CEO Greg Fink - CFO Conference Call Participants Benjy Scurlock - Arete Research Ryan Vaughan - Needham & Company Jim Roumell - Roumell Asset Management Operator Ladies and gentlemen, thank you for standing by, and welcome to the Comscore First Quarter 2020 Financial Results Conference Call. [Operator Instructions] After the speakers' presentation, there will be a ...
comScore(SCOR) - 2020 Q1 - Quarterly Report
2020-05-08 01:36
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ______________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33520 _______________________ ...
comScore(SCOR) - 2019 Q4 - Earnings Call Transcript
2020-02-28 03:16
Financial Data and Key Metrics Changes - The company reported fourth quarter revenue of $95.2 million, down from $109.3 million in the same quarter last year, primarily due to lower syndicated digital and custom solutions [26] - The net loss for the fourth quarter was $21.4 million, an improvement from a net loss of $27.2 million in the same period last year [36] - Adjusted EBITDA for the fourth quarter was $5.5 million, compared to $6.3 million in the prior year [36] - The company ended the quarter with total cash of $66.8 million, an increase of $8.3 million from the third quarter [37] Business Line Data and Key Metrics Changes - Revenue from Ratings and Planning was $66.8 million, a decrease of $8 million year-over-year, attributed to declines in syndicated digital products, national TV, and cross-platform products, offset by higher local TV and addressable revenue [27] - Revenue from analytics and optimization was $17.7 million, down $6.2 million from the previous year, primarily due to lower digital custom marketing solutions [30] - Movies reporting and analytics revenue was $10.7 million, slightly up from $10.6 million in the prior year, indicating stability in this segment [31] Market Data and Key Metrics Changes - Local TV revenue grew 35% year-over-year, reflecting strong demand for third-party measurement [16] - The company secured key renewals and new agreements in local TV, including partnerships with CBS and other local stations [16][17] Company Strategy and Development Direction - The company announced a significant measurement deal with Comcast, enhancing its TV measurement capabilities and expected to drive revenue growth [5][10] - Focus on developing new products for addressable advertising and cross-platform measurement to capitalize on the fragmented media ecosystem [18][19] - The strategic review is ongoing, with the company exploring options to maximize shareholder value [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stabilization of the digital business and the potential for revenue growth in 2020, driven by privacy laws and returning customers [29][54] - The company expects 2020 revenue to be in the range of $390 million to $410 million, with a gradual increase throughout the year [40][41] - Management highlighted the importance of the upcoming political cycle and Olympic events as catalysts for TV revenue growth [61] Other Important Information - The company completed a small financing transaction that increased its cash position, providing greater operational flexibility [24][39] - The integration of Comcast data is targeted for completion by year-end, which is expected to enhance service offerings [78] Q&A Session Summary Question: Impact of Comcast deal on margins - Management indicated that the integration costs for the Comcast deal would be low and already accounted for in their plans, expecting no significant negative impact in 2020 [46][49] Question: Stability of digital revenue - Management noted that recent trends, including the impact of privacy laws, have led to returning customers, indicating stabilization in the digital segment [51][54] Question: Product roadmap for extended TV and addressable advertising - Management confirmed that both extended TV and addressable advertising are integral to their strategy and are seeing strong demand [55][56] Question: Outlook for TV business - Management expressed confidence in a strong year for the TV business, driven by the political cycle and advancements in privacy-compliant targeting [60][61] Question: Expense management and cost reductions - Management indicated that while the heavy lifting on cost reductions is done, there are still opportunities to lower expenses further throughout 2020 [65][68] Question: Exposure to coronavirus - Management stated that they do not foresee any significant impact from the coronavirus, given their previous exits from certain international markets [92] Question: Strategic options for the company - Management reiterated that they are exploring various strategic options but did not provide specific details at this time [95]
comScore(SCOR) - 2019 Q4 - Annual Report
2020-02-28 01:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION | Delaware | 54-1955550 | | | --- | --- | --- | | (State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification Number) | | | 11950 Democracy Drive, Suite 600 | | | | Reston, Virginia 20190 | | | | (Address of Principal Executive Of ices) | | | | (703) 438-2000 | | | | (Registrant's Telephone Number, Including Area Code) | | | | Securities registered pursuant to Section 12(b) of the Act: | | | | Title of Ea ...