ComScore (SCOR) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of $1.72. This compares to loss of $6.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -115.70%. A quarter ago, it was expected that this online research firm would post a loss of $0.94 per share when it actually produced a loss of $12.79, delivering a surprise of -1,260.64%.Over the last four quarters, the company has not b ...

Q4 2024 Earnings Call FourthQuarter 2024 Jon Carpenter Chief Executive Officer Mary Margaret Curry Chief Financial Officer Cautionary Note Regarding Forward-Looking Statements 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 EBIDA margin for 2025, a return to growth in 2025, revenue drivers, future investments in growth and opera ...

Revenue Performance - Q4 2024 revenue was $94.9 million, a slight decrease of 0.2% from $95.1 million in Q4 2023[4] - Full year 2024 revenue totaled $356.0 million, down 4.1% compared to $371.3 million in 2023[7] - Total revenues for 2024 were $356,047, a decrease of 4.3% from $371,343 in 2023[30] - Revenues from Syndicated Audience for the year ended December 31, 2024, were $260,654, representing 73.2% of total revenue[37] - Cross-Platform revenue increased by 19.7% year-over-year, reaching $40,470 for the year ended December 31, 2024[37] - Cross-platform revenue grew 21.7% in Q4 2024 compared to Q4 2023, indicating strong demand for cross-platform products[4] Net Income and Loss - Net income for Q4 2024 was $3.1 million, a significant improvement from a net loss of $28.4 million in Q4 2023[6] - Full year net loss for 2024 was $60.2 million, compared to a net loss of $79.4 million in 2023[12] - Net loss for 2024 was $60,248, compared to a net loss of $79,361 in 2023, representing a 24.1% improvement[30] - The company reported a basic and diluted net loss per common share of $15.53 for 2024, compared to $19.88 in 2023[30] - GAAP net loss for Q4 2024 was $3,144 compared to a net loss of $28,399 in Q4 2023, showing a significant improvement[35] - Total comprehensive loss for 2024 was $64,206, compared to $77,531 in 2023, reflecting a 17.1% improvement[30] - The net loss margin improved to 3.3% in Q4 2024 from (29.9)% in Q4 2023[36] EBITDA and Margins - Adjusted EBITDA for Q4 2024 was $17.2 million, up from $16.4 million in Q4 2023, resulting in an adjusted EBITDA margin of 18.1%[9] - Non-GAAP adjusted EBITDA for Q4 2024 was $17,171, compared to $16,444 in Q4 2023, indicating a positive trend[36] - Adjusted EBITDA margin for 2025 is anticipated to be between 12% and 15%[18] - Non-GAAP FX adjusted EBITDA for Q4 2024 was $14,246, down from $18,724 in Q4 2023[36] Cash and Assets - Cash, cash equivalents, and restricted cash as of December 31, 2024, totaled $33.5 million, an increase from $22.9 million at the end of 2023[7] - Cash and cash equivalents rose to $29,937 in 2024, up from $22,750 in 2023, marking a 31.8% increase[32] - Total current assets increased to $108,057 in 2024 from $97,990 in 2023, reflecting an increase of 10.9%[28] Liabilities and Equity - Total liabilities decreased to $231,040 in 2024 from $247,307 in 2023, a reduction of 6.6%[28] - Total stockholders' equity shifted from a surplus of $56,103 in 2023 to a deficit of $8,263 in 2024[28] Operational Expenses - Total expenses from operations decreased to $91,035 in Q4 2024 from $119,563 in Q4 2023[35] - Net cash provided by operating activities was $18,104 in 2024, down from $28,926 in 2023, a decline of 37.2%[32] Financing and Future Outlook - The company expects full year 2025 revenue to be between $360 million and $370 million, driven by growth in Content & Ad Measurement revenue[18] - The company entered a senior secured financing agreement providing a borrowing capacity of $60.0 million to strengthen its cash position for future growth[15] Goodwill and Impairment - Impairment of goodwill was recorded at $63,000 in 2024, down from $78,200 in 2023, indicating a 19.3% decrease[30] Stock-Based Compensation - Stock-based compensation expense for Q4 2024 was $924, up from $716 in Q4 2023[35]

Financial Highlights - For Q4 2024, revenue was $94.9 million, a slight decrease of 0.2% from $95.1 million in Q4 2023 [4] - Full-year revenue for 2024 was $356.0 million, down 4.1% from $371.3 million in 2023 [8][10] - Content & Ad Measurement revenue declined 2.8% compared to 2023, while cross-platform revenue grew 19.7% over the same period [10][47] Profitability Metrics - Net income for Q4 2024 was $3.1 million, a significant improvement from a net loss of $28.4 million in Q4 2023 [7] - Full-year net loss for 2024 was $60.2 million, compared to a net loss of $79.4 million in 2023 [12] - Adjusted EBITDA for Q4 2024 was $17.2 million, compared to $16.4 million in Q4 2023, resulting in adjusted EBITDA margins of 18.1% [9][40] Operating Expenses - Core operating expenses for Q4 2024 were $90.3 million, up 7.6% from $83.9 million in Q4 2023, primarily due to higher employee compensation and data licensing costs [6] - Full-year core operating expenses were $347.1 million, down 1.9% from $353.8 million in 2023, driven by a decline in employee compensation and lower cloud computing costs [11] Balance Sheet and Liquidity - As of December 31, 2024, cash, cash equivalents, and restricted cash totaled $33.5 million, an increase from $22.9 million as of December 31, 2023 [14] - The company entered into a senior secured financing agreement providing a borrowing capacity of $60.0 million to strengthen its cash position [15] 2025 Outlook - The company expects 2025 revenue to be between $360 million and $370 million, driven by growth in Content & Ad Measurement revenue and cross-platform products [18] - Adjusted EBITDA margin for 2025 is anticipated to be between 12% and 15% [18]

RESTON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media, today announced that it plans to hold a conference call to discuss its financial results for the fourth quarter ended December 31, 2024 on Tuesday, March 4th at 5:00 p.m. ET Interested parties may access the conference call via live webcast at https://edge.media-server.com/mmc/p/u3y6uzxs, or participate via telephone by registering in advance at https://register.vev ...

Core Insights - Comscore has expanded its YouTube audience measurement capabilities to include Connected TV (CTV) metrics in Canada, France, Spain, and Malaysia, marking a significant international rollout [1][2][4] - The new metrics will provide person-level CTV viewership data, enabling content owners, creators, advertisers, and agencies to better understand and leverage their YouTube content across multiple platforms [2][4] - This expansion complements existing YouTube measurement on desktop and mobile, enhancing insights into audience behavior and traffic sharing capabilities [3][4] Company Overview - Comscore is recognized as a global leader in measuring and analyzing consumer behaviors, providing a comprehensive data footprint that includes digital, linear TV, and over-the-top viewership intelligence [5] - The company aims to empower media buyers and sellers with reliable cross-platform measurement, facilitating informed business decisions [5]

Core Insights - Comscore has appointed Frank Friedman as Chief Data and Analytics Officer and Head of Measurement, aiming to enhance its data governance and measurement strategies [1][4][5] Company Strategy - Friedman will oversee the development of tailored measurement playbooks for diverse customers, emphasizing that a one-size-fits-all approach is inadequate [2] - The appointment of Friedman follows the recent hiring of Jackelyn Keller as Chief Marketing Officer, indicating a strategic focus on digital and programmatic measurement across all consumer touchpoints [6] Industry Impact - Friedman has a history of challenging conventional measurement practices and has previously negotiated a significant agreement with Comscore while at The E.W. Scripps Company [3] - His experience includes leadership roles in various industry organizations, such as the Media Rating Council and Coalition for Innovative Media Measurement, which will contribute to Comscore's transformation in measurement practices [4][5] Company Overview - Comscore is recognized as a trusted partner for planning, transacting, and evaluating media across multiple platforms, combining insights from digital, linear TV, and over-the-top viewership [7]

Core Insights - The 2025 State of Programmatic Report indicates a strong growth in programmatic advertising, with 72% of marketers planning to increase their investments in this area [1][4] - A significant shift towards Connected TV (CTV) is noted, with its share of media budgets doubling since 2023 to 28% in 2025, as marketers reallocate funds from Linear TV [2] - Privacy-centric strategies are becoming essential, with 41% of marketers identifying contextual targeting as their primary approach to navigate privacy regulations [3] Programmatic Advertising Trends - 72% of respondents are set to increase programmatic investments in 2025, highlighting the ongoing reliance on programmatic strategies [1] - CTV has emerged as a dominant platform, with nearly half of marketers increasing their programmatic CTV budgets by reallocating from Linear TV [2] - Social media and audio/podcasts are receiving smaller shares of budgets, with social media investments remaining stable since 2023 and audio/podcasts showing modest growth [2] Privacy and Targeting Strategies - 41% of marketers are focusing on contextual targeting to address privacy concerns, with 52% planning to increase the use of contextual data in 2025 [3] - 80% of marketers emphasize the need for deduplicated reach and frequency measurement in programmatic environments to ensure effective audience targeting [3] - 48% of marketers expect to rely primarily on cookie-free targeting tactics by the end of 2025, reflecting the urgency to adapt to privacy changes [6] AI and Regulatory Preparedness - AI-driven insights are increasingly being utilized by marketers to enhance targeting and campaign performance, seen as a key driver of programmatic growth [6] - While 60% of marketers feel prepared for upcoming privacy regulatory changes in the U.S., 35% feel somewhat prepared, indicating a need for ongoing education [6]

Core Insights - Comscore has launched a unified content measurement solution called Comscore Content Measurement (CCM) that provides content owners and creators with tools to understand consumer behavior across various platforms [1][2][5] - The solution integrates device and platform-specific measurement capabilities, offering a deduplicated view of audience reach across linear TV, CTV/Streaming, PC, Mobile, and Social [2][5] - Major brands such as Google, NBCUniversal, and Paramount are utilizing this content measurement solution to enhance their understanding of viewer engagement and optimize content strategies [1][3][4] Group 1: Product Features - CCM offers hands-on access to media measurement tools, allowing content owners to better understand viewing habits and commercialize their offerings effectively [1][4] - The solution provides a holistic view of consumer touchpoints, enabling brands to track engagement across multiple devices and platforms [3][5] - Comscore's advanced cross-device graph technology and user authentication enhance the understanding of the cross-platform consumer journey [5][6] Group 2: Industry Impact - The introduction of CCM marks a significant advancement in measurement innovation, reflecting Comscore's leadership in the media measurement industry [5][6] - The solution is designed to empower media brands, local stations, and content owners to package and commercialize their offerings strategically [4][6] - Comscore aims to support ad monetization and content strategies by providing comprehensive audience measurement insights [5][6]

Core Insights - Comscore has appointed Jackelyn Keller as Chief Marketing Officer, bringing extensive experience in TV, streaming, digital, and programmatic advertising [1] - Keller's previous roles include head of market intelligence and global product strategy at Samsung Ads and global head of product marketing at Quantcast, positioning her to enhance Comscore's brand [1] - Comscore aims to leverage Keller's expertise to innovate measurement strategies and facilitate collaboration in the evolving media landscape [1] Company Overview - Comscore is a global leader in measuring and analyzing consumer behaviors, with a focus on digital, linear TV, and over-the-top viewership intelligence [1] - The company has been a pioneer in measurement innovation for over 25 years, adapting to changing consumer behaviors and the convergence of digital and real-world experiences [1] - Comscore provides media buyers and sellers with the tools to quantify multiscreen behavior and make informed business decisions [1]