comScore Reports 18% Revenue Rise

Digital measurement specialist comScore has reported an18% increase in revenue for Q1, to $62.3m. A $5.7m increase in operating costs meant a slight increase in net loss, up from $0.3m to $0.5m, although adjusted earnings rose strongly.

Non-GAAP net income for the quarter was $7.9m up from $7.7m in Q1 2011, while adjusted EBITDA was $11.6m, or 19% of revenue, an increase of 18% from $9.9m in the first quarter of 2011. Total expenses from operations rose to $61.2m from $55.5m.

President and CEO Dr Magid Abraham comments: 'Our strategy to expand our market opportunity by addressing a broader range of digital measurement and analysis products is progressing, with new products building considerable interest. With our larger overall deal sizes, deferred revenue grew sequentially to a record level in the first quarter. This momentum, when combined with renewals rates that continued to exceed 90% on a constant dollar basis, positions us well for the balance of 2012.'

For the second quarter, comScore is expecting revenue of between $63.7m and $64.8m, and GAAP (loss) income before taxes of $0.7m to $0.1m. For the full year 2012, the firm is anticipating revenue of $277.0m to $281.7m and GAAP income (loss) before income taxes of between $8.4m and $11.7m.

Web site: www.comscore.com .