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]

Core Insights - Comscore and TiVo have announced a strategic partnership to integrate TiVo's enriched program metadata into Comscore's cross-platform audience measurement, enhancing content identification across various platforms [1][2][3] Partnership Benefits - The collaboration aims to provide a unified view of audiences across linear TV, CTV, FAST, and streaming, allowing buyers and sellers to better understand audience reach and frequency without double-counting [2][5] - The integration is expected to reduce missed impressions and wasted spending, ensuring campaigns deliver as promised with fewer costly makegoods [5] - It will facilitate faster and more reliable operations, saving time and minimizing costly errors [5] - The partnership is designed to future-proof measurement capabilities, scaling with new distribution models and program variants [5] Operational Readiness - The integration is set to go live on October 27, 2025, marking a significant milestone for Comscore's next-generation measurement solutions [3] Company Background - Comscore is recognized as a trusted partner for planning, transacting, and evaluating media across platforms, combining digital and linear TV viewership intelligence [7] - TiVo focuses on enhancing viewer experience by aggregating content from various sources, targeting audiences to increase engagement [8]

Core Viewpoint - Comscore Inc. has announced a recapitalization agreement aimed at simplifying its balance sheet, reducing dividend obligations, and strengthening its market position, which has led to a significant increase in its stock price [1][7]. Recapitalization Agreement - The recapitalization involves swapping Series B preferred stock for common shares and new Series C preferred shares that carry no dividend, effectively removing over $18 million in annual obligations [3]. - The agreement includes the exchange of approximately $80 million in Series B preferred shares for common stock at a price of $8.11 per share, and $183.7 million will convert into Series C preferred stock priced at $14.50 per share [4]. Financial Impact - The new Series C shares can convert into common stock at a one-to-one ratio and eliminate the right to a $47 million special dividend, enhancing Comscore's financial flexibility [4][5]. - If approved, the recapitalization would result in the issuance of over 22 million shares on an as-converted basis, giving preferred shareholders nearly 82% of equity [7]. Governance Changes - The agreement will reduce the board size from 10 members to 7 and limit preferred shareholders' director rights while maintaining independent oversight [6]. - Voting caps and conversion limits are designed to balance governance within the new structure [6]. Market Reaction - Following the announcement, Comscore's shares rose by 29.25%, trading at $7.910 in premarket [7].