'Solid' Growth for Comscore

Comscore's revenue rose 4% to $94.0m in the first quarter, while profitability improved: adjusted EBITDA was up 22% to $6.8m. CEO Bill Livek described the performance as 'solid'.

The company remains somewhat leaner and fitter than it was pre-Covid. Revenue remains lower than peaks in 2017-18 while margins are better and net losses much reduced. In the latest quarter it posted a net loss of $9.3m, compared with a one-off figure of $36.4m in Q1 2021 which it put down to 'higher data costs associated with [a number of high-profile] new commercial agreements'.

Growth was driven by increases in Comscore's TV, Movies, Custom Solutions and Activation divisions, partly offset by lower revenue from services related to its international digital measurement offering. Specifically, revenues from cross-platform solutions rose 9.5% to $40.8m, despite revenue from its Movie business declining to $6.8m from $8.2m a year ago; and its Digital Ad Solutions generated $53.1m in revenue, up just 0.2%. The firm's national and local TV measurement products are currently in the accreditation process and are undergoing an MRC (Media Rating Council) audit.

Bill Livek (pictured), CEO and Executive Vice Chairman, comments: 'This was another solid quarter of year-over-year growth for Comscore. I am proud of the progress we are making across all our lines of business. There continues to be a tremendous opportunity for Comscore as it positions itself as the leading cross-platform currency, which we expect will continue to drive revenue growth throughout 2022.'

Web site: www.comscore.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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