comScore(US:SCOR)2025-11-04 21:08Revenue 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]