comScore(US:SCOR)2025-05-06 22:02Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $85.7 million, down 1.3% from $86.8 million in the same quarter last year [12] - Adjusted EBITDA for the quarter was $7.4 million, up 2.8% year over year, resulting in an adjusted EBITDA margin of 8.6% [13][14] - The company expects full year revenue for 2025 to be in the low end of the previously provided range of $360 million to $370 million [16] Business Line Data and Key Metrics Changes - Content and ad measurement revenue was $73.2 million, slightly up from the prior year, driven by growth in cross platform and local TV offerings [12] - Cross platform revenue increased by 20.5% year over year to $9.7 million, supported by growth in Proximic and Comscore campaign ratings [12] - Syndicated audience revenue decreased by 1.7% to $63.5 million, primarily due to declines in national TV and syndicated digital products [12] Market Data and Key Metrics Changes - Local TV revenue showed double digit growth due to higher renewals and new business [12] - The Movies business generated $9.4 million in revenue, up 2.6% from the prior year [12] - Research and Insight Solutions revenue decreased by 11.5% from Q1 2024, attributed to lower renewals and timing of deliveries [12] Company Strategy and Development Direction - The company is focused on cross platform growth and enhancing its strength in TV currency transactions [9][16] - Comscore launched a cross platform content measurement solution in January, aiming to provide clients with an omnichannel view of audience engagement [6] - The company is addressing legacy workflows and technical debt to improve operational execution and client delivery [6][14] Management's Comments on Operating Environment and Future Outlook - Management noted a macro environment that has become uncertain, impacting ad spend and leading to cautious approaches from advertisers [7][8] - The company expects revenue trends to continue in Q2 and improve in the latter half of the year [13][16] - Management remains disciplined in spending and is taking cost-saving actions to operate more efficiently [14] Other Important Information - Comscore remains the only TV measurement solution that meets MRC standards for both local and national TV measurement [5] - The company announced Comscore certified deal IDs in partnership with Magnite, aimed at improving ad targeting and reducing wasted ad spend [11] Q&A Session Summary - No questions were raised during the Q&A session, leading to a conclusion of the conference call [18]