Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $85.8 million, down 8.4% from $93.7 million in the same quarter last year [7] - Adjusted EBITDA for Q2 2024 was $6.9 million, down 22.8% from the prior year, resulting in an adjusted EBITDA margin of 8.1% [9] - Full year revenue guidance for 2024 is revised to between $350 million and $360 million, a decline of 3% to 6% over 2023 [10] Business Line Data and Key Metrics Changes - Content and ad measurement revenue was $72.2 million, down 6.7% from 2023, primarily due to lower revenue from syndicated audience offerings [7] - Movies business showed solid performance with a revenue growth of 5% over the prior year [8] - Research and Insight Solutions revenue was $13.6 million, down 16.5% from 2023, mainly due to lower deliverables of custom digital solutions [8] Market Data and Key Metrics Changes - Cross-platform revenue declined in Q2, primarily driven by a decrease in CCR revenue due to a pause in usage with a large enterprise client [8] - Proximic revenue growth was slightly lower than expected, impacted by Oracle's announcement to shut down their ad business [8] Company Strategy and Development Direction - The company is transitioning from reliance on syndicated revenue from legacy markets to a transactional model focused on future media measurement [4] - Emphasis on cross-platform offerings and integration of new products to address emerging market needs [5][18] - Plans to release new products, including insights into AI tool usage and an omnichannel content measurement offering [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2024 has not met expectations, with a significant revenue decline in the first half [10] - There is optimism about a potential return to growth as early as Q4 2024, driven by cross-platform products and new client relationships [16] - The company is focused on operational efficiency while investing in new capabilities [9] Other Important Information - The company has made significant progress in strengthening its balance sheet, including paying down $6 million of outstanding balance and evaluating alternative financing options [11] - An agreement was reached with preferred shareholders to issue additional Series B preferred shares, canceling approximately $33 million in accrued dividends [12] Q&A Session Summary Question: What is the path forward given the challenges in the legacy business? - The company is focused on cross-platform capabilities and expanding CCR integrations, which are seen as significant growth opportunities [20] Question: What are the risks of ongoing headwinds in the business? - Management indicated that visibility into traditional products is expected to stabilize by the end of the year, with major renewals anticipated [22] Question: How should the ramp in Proximic and CCR be measured? - The integration timelines are not always in the company's control, and meaningful momentum is expected to build over months and quarters [24]

ComScore (SCOR) came out with a quarterly loss of $1.19 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $2.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -561.11%. A quarter ago, it was expected that this online research firm would post a loss of $0.57 per share when it actually produced a loss of $1.08, delivering a surprise of -89.47%. Over the last four quarters, the company h ...

Financial Performance - The company's revenue for the first half of 2024 was $173 million[5], a decrease of 6.8% year-over-year[6] - Adjusted EBITDA for the first half of 2024 was $15 million[7], an increase of 6% year-over-year[7] - Q2 2024 revenue was $85.8 million, compared to $93.7 million in Q2 2023[9] - Q2 2024 adjusted EBITDA was $6.9 million, compared to $8.9 million in Q2 2023[10], a decrease of 22.8% year-over-year[10] - The company expects full-year revenue to be down 3-6% and adjusted EBITDA margin to be 10%+[12] Segment Performance - Research & Insight Solutions revenue decreased by 16% in the second quarter[7] - Research & Insight Solutions revenue was down 16.5% year-over-year in Q2 2024[9] - Content & Ad Measurement Solutions revenue decreased by 6.7% year-over-year in Q2 2024[10] Future Outlook - The company anticipates cross-platform revenue to increase by approximately 30% in the second half of the year[12] - The company expects syndicated audience revenue to be flat to down low single digits in 2025[16]

RESTON, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Comscore (NASDAQ:SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today announced comprehensive measurement of YouTube audiences across all digital devices in the US. Starting in July, Comscore began delivering a holistic view of YouTube traffic across desktop, mobile, and connected TV (CTV). This new capability enhances Comscore's existing reporting for YouTube video traffic on desktop and mobile browsers, as well as i ...

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> This online research firm is expected to post quarterly loss of $0.18 per share in its upcoming report, which represents a year-over-year change of +91.8%. Revenues are expected to be $91.2 million, down 2.7% from the year-ago quarter. comScore (SCOR) shares soared 11.8% in the last trading session to close at $13.90. The move was backed by solid volume with far more share ...

RESTON, Va., June 18, 2024 (GLOBE NEWSWIRE) -- Comscore, Inc. (NASDAQ:SCOR), a trusted partner for planning, transacting, and evaluating media cross-channel and Kochava, the leading real-time data solutions company for omnichannel attribution and measurement, today announced an innovative performance media measurement solution that brings more insights to marketers. The new cross-screen solution allows marketers to better understand how linear TV ad campaigns meaningfully impact both online and offline beha ...

RESTON, Va., June 11, 2024 (GLOBE NEWSWIRE) -- Comscore (NASDAQ:SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today announced an expansion of its partnership with Anzu for the most advanced intrinsic in-game advertising platform to measure in-game advertising campaigns using Comscore Campaign Ratings (CCR), Comscore's flagship solution for modern cross-platform media measurement. Anzu helps brands connect with gaming audiences inside premium titles across platfor ...

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Table of Contents _____________________________________________ FORM 10-Q (Mark O ...

Comscore, Inc. (NASDAQ:SCOR) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants John Tinker - Head, IR Jonathan Carpenter - CEO Mary Margaret - CFO Conference Call Participants Jason Kreyer - Craig-Hallum Operator Good day, and thank you for standing by, and welcome to Comscore's First Quarter 2024 Financial Results Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to John Tinker, Head ...

Exhibit 99.1 "While revenue came in slightly below our expectations, our teams continued to make encouraging progress against a number of key initiatives that are critical to our transformation," said Jon Carpenter, CEO of Comscore. "Our adjusted EBITDA performance, and key product and client progress that we've continued to make with our cross-platform offerings, are evidence we're moving in the right direction. The quarter also saw major milestones like MRC accreditation for Comscore TV and JIC certificat ...