Comscore Reports First Quarter 2025 Results
Comscore reported mixed Q1 2025 financial results with revenue of $85.7 million, down 1.3% from Q1 2024. The company posted a net loss of $4.0 million compared to $1.1 million loss in Q1 2024. Cross-Platform offerings showed strong performance with 20.5% growth, while Content & Ad Measurement revenue increased by 0.8%. However, Research & Insight Solutions declined by 11.5%.
The company maintained its adjusted EBITDA margin guidance of 12-15% but expects full-year revenue to be at the low end of its previously announced $360-370 million range. Comscore achieved additional MRC accreditation for demos, remaining the only MRC-accredited national and local TV measurement service. The company's cautious outlook reflects current macroeconomic challenges affecting ad spending, with Q2 revenue expected to be flat compared to Q1.
Comscore ha riportato risultati finanziari contrastanti nel primo trimestre 2025, con ricavi pari a 85,7 milioni di dollari, in calo dell'1,3% rispetto al primo trimestre 2024. L'azienda ha registrato una perdita netta di 4,0 milioni di dollari rispetto a una perdita di 1,1 milioni nel primo trimestre 2024. Le offerte Cross-Platform hanno mostrato una forte crescita del 20,5%, mentre i ricavi da Content & Ad Measurement sono aumentati dello 0,8%. Tuttavia, le soluzioni Research & Insight hanno registrato un calo dell'11,5%.
L'azienda ha confermato la guidance per un margine adjusted EBITDA tra il 12% e il 15%, ma prevede che i ricavi annuali si posizioneranno nella fascia bassa dell'intervallo precedentemente annunciato di 360-370 milioni di dollari. Comscore ha ottenuto un'ulteriore certificazione MRC per le demo, rimanendo l'unico servizio di misurazione nazionale e locale della TV accreditato MRC. Le prospettive prudenti riflettono le attuali sfide macroeconomiche che influenzano la spesa pubblicitaria, con ricavi del secondo trimestre attesi stabili rispetto al primo trimestre.
Tra gli aspetti positivi, i ricavi Cross-Platform sono cresciuti significativamente del 20,5% rispetto al primo trimestre 2024, i ricavi da Content & Ad Measurement sono aumentati dello 0,8%, è stata ottenuta un'ulteriore accreditamento MRC per le demo, l'EBITDA adjusted è leggermente migliorato a 7,4 milioni da 7,2 milioni nel primo trimestre 2024 e le spese operative sono diminuite dello 0,3% a 87,1 milioni di dollari.
Comscore reportó resultados financieros mixtos en el primer trimestre de 2025, con ingresos de 85,7 millones de dólares, una disminución del 1,3% respecto al primer trimestre de 2024. La compañía registró una pérdida neta de 4,0 millones de dólares en comparación con una pérdida de 1,1 millones en el primer trimestre de 2024. Las ofertas Cross-Platform mostraron un sólido desempeño con un crecimiento del 20,5%, mientras que los ingresos por Content & Ad Measurement aumentaron un 0,8%. Sin embargo, las soluciones de Research & Insight disminuyeron un 11,5%.
La empresa mantuvo su guía de margen EBITDA ajustado entre el 12% y el 15%, pero espera que los ingresos anuales estén en el extremo inferior del rango previamente anunciado de 360-370 millones de dólares. Comscore logró una acreditación adicional de MRC para demos, permaneciendo como el único servicio de medición de TV nacional y local acreditado por MRC. La perspectiva cautelosa refleja los desafíos macroeconómicos actuales que afectan el gasto publicitario, con ingresos del segundo trimestre esperados estables en comparación con el primero.
Entre los aspectos positivos, los ingresos Cross-Platform crecieron significativamente un 20,5% respecto al primer trimestre de 2024, los ingresos de Content & Ad Measurement aumentaron un 0,8%, se logró una acreditación adicional de MRC para demos, el EBITDA ajustado mejoró ligeramente a 7,4 millones desde 7,2 millones en el primer trimestre de 2024 y los gastos operativos disminuyeron un 0,3% hasta 87,1 millones de dólares.
컴스코어는 2025년 1분기 재무 실적에서 매출 8570만 달러를 기록하며 2024년 1분기 대비 1.3% 감소한 혼조된 결과를 발표했습니다. 순손실은 400만 달러로, 2024년 1분기의 110만 달러 손실에서 확대되었습니다. 크로스 플랫폼 부문은 20.5%의 강한 성장세를 보였고, 콘텐츠 및 광고 측정 매출은 0.8% 증가했습니다. 반면, 리서치 및 인사이트 솔루션은 11.5% 감소했습니다.
회사는 조정 EBITDA 마진 가이던스를 12-15%로 유지했으나, 연간 매출은 이전에 발표한 3억 6천만~3억 7천만 달러 범위의 하단에 머물 것으로 예상합니다. 컴스코어는 데모 부문에서 추가 MRC 인증을 획득해 MRC 인증을 받은 유일한 전국 및 지역 TV 측정 서비스로 남아 있습니다. 회사의 신중한 전망은 광고 지출에 영향을 미치는 현재의 거시경제적 도전 과제를 반영하며, 2분기 매출은 1분기와 비슷할 것으로 예상됩니다.
긍정적인 측면으로는, 크로스 플랫폼 매출이 2024년 1분기 대비 20.5% 크게 성장했고, 콘텐츠 및 광고 측정 매출이 0.8% 증가했으며, 데모 부문에서 추가 MRC 인증을 받았고, 조정 EBITDA는 2024년 1분기의 720만 달러에서 740만 달러로 소폭 개선되었으며, 영업비용은 0.3% 감소한 8710만 달러를 기록했습니다.
Comscore a publié des résultats financiers mitigés pour le premier trimestre 2025, avec un chiffre d'affaires de 85,7 millions de dollars, en baisse de 1,3 % par rapport au premier trimestre 2024. L'entreprise a enregistré une perte nette de 4,0 millions de dollars contre une perte de 1,1 million au premier trimestre 2024. Les offres Cross-Platform ont affiché une solide performance avec une croissance de 20,5 %, tandis que les revenus de Content & Ad Measurement ont augmenté de 0,8 %. En revanche, les solutions Research & Insight ont diminué de 11,5 %.
L'entreprise a maintenu ses prévisions de marge EBITDA ajustée entre 12 et 15 %, mais prévoit un chiffre d'affaires annuel situé dans la partie basse de la fourchette précédemment annoncée de 360 à 370 millions de dollars. Comscore a obtenu une accréditation MRC supplémentaire pour les démos, restant le seul service de mesure TV national et local accrédité par le MRC. Les perspectives prudentes reflètent les défis macroéconomiques actuels affectant les dépenses publicitaires, avec un chiffre d'affaires du deuxième trimestre attendu stable par rapport au premier trimestre.
Parmi les points positifs, les revenus Cross-Platform ont connu une croissance significative de 20,5 % par rapport au premier trimestre 2024, les revenus de Content & Ad Measurement ont augmenté de 0,8 %, une accréditation MRC supplémentaire a été obtenue pour les démos, l'EBITDA ajusté a légèrement progressé à 7,4 millions contre 7,2 millions au premier trimestre 2024, et les dépenses opérationnelles ont diminué de 0,3 % pour s'établir à 87,1 millions de dollars.
Comscore meldete gemischte Finanzergebnisse für das erste Quartal 2025 mit einem Umsatz von 85,7 Millionen US-Dollar, was einem Rückgang von 1,3 % gegenüber dem ersten Quartal 2024 entspricht. Das Unternehmen verzeichnete einen Nettoverlust von 4,0 Millionen US-Dollar im Vergleich zu einem Verlust von 1,1 Millionen im ersten Quartal 2024. Die Cross-Platform-Angebote zeigten mit einem Wachstum von 20,5 % eine starke Leistung, während die Umsätze im Bereich Content & Ad Measurement um 0,8 % stiegen. Die Research & Insight Solutions gingen jedoch um 11,5 % zurück.
Das Unternehmen bestätigte seine Prognose für eine bereinigte EBITDA-Marge von 12-15 %, erwartet jedoch, dass der Jahresumsatz am unteren Ende der zuvor angekündigten Spanne von 360-370 Millionen US-Dollar liegen wird. Comscore erhielt eine zusätzliche MRC-Akkreditierung für Demos und bleibt damit der einzige MRC-akkreditierte nationale und lokale TV-Messdienst. Der vorsichtige Ausblick spiegelt die aktuellen makroökonomischen Herausforderungen wider, die die Werbeausgaben beeinflussen, wobei für das zweite Quartal ein stabiler Umsatz im Vergleich zum ersten Quartal erwartet wird.
Zu den positiven Aspekten zählen ein deutliches Wachstum der Cross-Platform-Umsätze um 20,5 % gegenüber dem ersten Quartal 2024, ein Anstieg der Umsätze im Bereich Content & Ad Measurement um 0,8 %, der Erhalt einer zusätzlichen MRC-Akkreditierung für Demos, eine leichte Verbesserung des bereinigten EBITDA auf 7,4 Millionen US-Dollar gegenüber 7,2 Millionen im ersten Quartal 2024 sowie ein Rückgang der Betriebsausgaben um 0,3 % auf 87,1 Millionen US-Dollar.
- None.
- Overall revenue declined 1.3% to $85.7M compared to Q1 2024
- Net loss widened to $4.0M from $1.1M in Q1 2024
- Research & Insight Solutions revenue declined 11.5%
- Lowered full-year revenue expectations to low end of guidance range
- Expects flat revenue growth in Q2 2025
Insights
Comscore's Q1 shows widening losses and lowered guidance despite bright spots in cross-platform offerings, signaling ongoing transformation challenges.
Comscore's Q1 2025 results reveal a company navigating challenging market conditions with mixed success across its business segments. Revenue declined
The standout positive was the
However, these bright spots were offset by weaknesses elsewhere. Despite the strong Cross-Platform performance, the broader Content & Ad Measurement revenue increased only
From a financial position perspective, Comscore reported
Management's forward guidance suggests continued headwinds, with CEO Jon Carpenter noting a "slowdown in spending across a few key categories" that "muted our momentum." The company now expects to hit only the low end of its previously provided revenue range (
The minimal improvement in adjusted EBITDA (
While Comscore shows promising growth in strategic areas like Cross-Platform and Local offerings, the wider losses, flat revenue projection for Q2, and reduced full-year expectations indicate significant challenges ahead as the company continues its transformation amid uncertain advertising market conditions.
RESTON, Va., May 06, 2025 (GLOBE NEWSWIRE) -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, today reported financial results for the quarter ended March 31, 2025.
"In the first quarter, we delivered double-digit growth in our Cross-Platform and Local offerings, highlighting continued progress in key areas of our strategy. We also earned additional MRC accreditation of our demos, expanding upon the national and local accreditation we received last year. Comscore remains the only MRC-accredited national and local TV measurement service," said Jon Carpenter, CEO. "While Cross-Platform grew
Q1 2025 Financial Highlights
- Revenue for the first quarter was
$85.7 million compared to$86.8 million in Q1 2024 - Net loss of
$4.0 million compared to$1.1 million in Q1 2024 - Excluding the impact of foreign currency transactions, adjusted EBITDA1 of
$7.4 million compared to$7.2 million in Q1 2024
First Quarter Summary Results
Revenue in the first quarter was
Our core operating expenses, which include cost of revenues, sales and marketing, research and development and general and administrative expenses, were
Net loss for the quarter was
Non-GAAP adjusted EBITDA for the quarter was
Balance Sheet and Liquidity
As of March 31, 2025, cash, cash equivalents and restricted cash totaled
2025 Outlook
Based on current trends and expectations, we believe full-year revenue will be in the low end of the range previously provided (
We do not provide GAAP net income (loss) or net income (loss) margin on a forward-looking basis because we are unable to predict with reasonable certainty our future stock-based compensation expense, fair value adjustments, variable interest expense, litigation and restructuring expense, foreign currency transaction impact, and any unusual gains or losses without unreasonable effort. These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP. For this reason, we are unable without unreasonable effort to provide a reconciliation of adjusted EBITDA or adjusted EBITDA margin to the most directly comparable GAAP measure, GAAP net income (loss) and net income (loss) margin, on a forward-looking basis.
Conference Call Information for Today, Tuesday, May 6, 2025 at 5:00 p.m. ET
Management will host a conference call to discuss the results on Tuesday, May 6, 2025 at 5:00 p.m. ET. The live audio webcast along with supplemental information will be accessible at ir.comscore.com/events-presentations. Participants can obtain dial-in information by registering for the call at the same web address and are advised to register in advance of the call to avoid delays. Following the conference call, a replay will be available via webcast at ir.comscore.com/events-presentations.
About Comscore
Comscore is a global, trusted partner for planning, transacting and evaluating media across platforms. With a data footprint that combines digital, linear TV, over-the-top and theatrical viewership intelligence with advanced audience insights, Comscore empowers media buyers and sellers to quantify their multiscreen behavior and make meaningful business decisions with confidence. A proven leader in measuring digital and TV audiences and advertising at scale, Comscore is the industry's emerging, third-party source for reliable and comprehensive cross-platform measurement.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal and state securities laws, including, without limitation, our expectations, forecasts, plans and opinions regarding expected revenue and adjusted EBITDA margin for 2025, revenue drivers and growth opportunities, demand for our products, industry factors and economic conditions, and changes in our operations and strategy. These statements involve risks and uncertainties that could cause actual events to differ materially from expectations, including, but not limited to, changes in our business and customer, partner and vendor relationships; external market conditions and competition; continued changes or declines in ad spending or other macroeconomic factors; evolving trade policies and privacy and regulatory standards; product adoption rates; and our ability to achieve our expected strategic, financial and operational plans. For additional discussion of risk factors, please refer to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings that we make from time to time with the U.S. Securities and Exchange Commission (the "SEC"), which are available on the SEC's website (www.sec.gov).
Investors are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. We do not intend or undertake, and expressly disclaim, any duty or obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.
Use of Non-GAAP Financial Measures
To provide investors with additional information regarding our financial results, we are disclosing in this press release adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP financial measures used by our management to understand and evaluate our core operating performance and trends. We believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results, as they permit our investors to view our core business performance using the same metrics that management uses to evaluate our performance. Nevertheless, our use of these non-GAAP financial measures has limitations as an analytical tool, and investors should not consider these measures in isolation or as a substitute for analysis of our results as reported under GAAP. Instead, you should consider these measures alongside GAAP-based financial performance measures, net income (loss), net income (loss) margin, various cash flow metrics, and our other GAAP financial results. Set forth below are reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures, net income (loss) and net income (loss) margin. These reconciliations should be carefully evaluated.
| Media |
| Marie Scoutas |
| Comscore, Inc. |
| press@comscore.com |
| Investors |
| John Tinker |
| Comscore, Inc. |
| 212-203-2129 |
| jtinker@comscore.com |
| COMSCORE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| As of | As of | ||||||
| March 31, 2025 | December 31, 2024 | ||||||
| (In thousands, except share and per share data) | (Unaudited) | ||||||
| Assets | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 30,969 | $ | 29,937 | |||
| Restricted cash | 3,532 | 3,531 | |||||
| Accounts receivable, net of allowances of | 50,609 | 64,266 | |||||
| Prepaid expenses and other current assets | 13,852 | 10,323 | |||||
| Total current assets | 98,962 | 108,057 | |||||
| Property and equipment, net | 46,524 | 47,116 | |||||
| Operating right-of-use assets | 12,548 | 13,173 | |||||
| Deferred tax assets | 3,842 | 2,624 | |||||
| Intangible assets, net | 4,425 | 5,058 | |||||
| Goodwill | 246,950 | 246,010 | |||||
| Other non-current assets | 8,280 | 8,209 | |||||
| Total assets | $ | 421,531 | $ | 430,247 | |||
| Liabilities, Convertible Redeemable Preferred Stock and Stockholders' Equity (Deficit) | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 14,726 | $ | 16,471 | |||
| Accrued expenses | 37,203 | 35,013 | |||||
| Contract liabilities | 43,987 | 45,464 | |||||
| Accrued dividends | 13,401 | 8,962 | |||||
| Customer advances | 10,281 | 9,566 | |||||
| Current operating lease liabilities | 8,231 | 8,598 | |||||
| Other current liabilities | 6,103 | 7,230 | |||||
| Total current liabilities | 133,932 | 131,304 | |||||
| Secured term loan | 40,350 | 40,718 | |||||
| Non-current operating lease liabilities | 13,264 | 14,805 | |||||
| Non-current portion of accrued data costs | 30,048 | 33,551 | |||||
| Deferred tax liabilities | 892 | 891 | |||||
| Other non-current liabilities | 9,033 | 9,771 | |||||
| Total liabilities | 227,519 | 231,040 | |||||
| Commitments and contingencies | |||||||
| Convertible redeemable preferred stock, | 207,470 | 207,470 | |||||
| Stockholders' equity (deficit): | |||||||
| Preferred stock, | — | — | |||||
| Common stock, | 5 | 5 | |||||
| Additional paid-in capital | 1,714,650 | 1,714,052 | |||||
| Accumulated other comprehensive loss | (15,429 | ) | (18,068 | ) | |||
| Accumulated deficit | (1,482,700 | ) | (1,474,268 | ) | |||
| Treasury stock, at cost, 338,239 shares as of March 31, 2025 and December 31, 2024 | (229,984 | ) | (229,984 | ) | |||
| Total stockholders' equity (deficit) | (13,458 | ) | (8,263 | ) | |||
| Total liabilities, convertible redeemable preferred stock and stockholders' equity (deficit) | $ | 421,531 | $ | 430,247 | |||
| COMSCORE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) | |||||||
| Three Months Ended March 31, | |||||||
| (In thousands, except share and per share data) | 2025 | 2024 | |||||
| Revenues | $ | 85,709 | $ | 86,795 | |||
| Cost of revenues(1) (2) | 51,747 | 50,067 | |||||
| Selling and marketing(1) (2) | 14,803 | 15,364 | |||||
| Research and development(1) (2) | 8,118 | 8,767 | |||||
| General and administrative(1) (2) | 12,475 | 13,213 | |||||
| Amortization of intangible assets | 632 | 801 | |||||
| Restructuring | — | 460 | |||||
| Total expenses from operations | 87,775 | 88,672 | |||||
| Loss from operations | (2,066 | ) | (1,877 | ) | |||
| Interest expense, net | (1,758 | ) | (572 | ) | |||
| (Loss) gain from foreign currency transactions | (1,743 | ) | 963 | ||||
| Other income, net | — | 275 | |||||
| Loss before income taxes | (5,567 | ) | (1,211 | ) | |||
| Income tax benefit | 1,574 | 157 | |||||
| Net loss | $ | (3,993 | ) | $ | (1,054 | ) | |
| Net loss available to common stockholders: | |||||||
| Net loss | $ | (3,993 | ) | $ | (1,054 | ) | |
| Convertible redeemable preferred stock dividends | (4,439 | ) | (4,240 | ) | |||
| Total net loss available to common stockholders | $ | (8,432 | ) | $ | (5,294 | ) | |
| Net loss per common share: | |||||||
| Basic and diluted | $ | (1.66 | ) | $ | (1.08 | ) | |
| Weighted-average number of shares used in per share calculation - Common Stock: | |||||||
| Basic and diluted | 5,088,576 | 4,895,121 | |||||
| Comprehensive loss: | |||||||
| Net loss | $ | (3,993 | ) | $ | (1,054 | ) | |
| Other comprehensive loss: | |||||||
| Foreign currency cumulative translation adjustment | 2,639 | (1,987 | ) | ||||
| Total comprehensive loss | $ | (1,354 | ) | $ | (3,041 | ) | |
| (1) Excludes amortization of intangible assets, which is presented as a separate line item. | |||||||
| (2) Stock-based compensation expense is included in the line items above as follows: | |||||||
| Three Months Ended March 31, | |||||||
| 2025 | 2024 | ||||||
| Cost of revenues | $ | 162 | $ | 243 | |||
| Selling and marketing | 124 | 140 | |||||
| Research and development | 97 | 180 | |||||
| General and administrative | 355 | 815 | |||||
| Total stock-based compensation expense | $ | 738 | $ | 1,378 | |||
| COMSCORE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | |||||||
| Three Months Ended March 31, | |||||||
| (In thousands) | 2025 | 2024 | |||||
| Operating activities: | |||||||
| Net loss | $ | (3,993 | ) | $ | (1,054 | ) | |
| Adjustments to reconcile to net cash provided by operating activities: | |||||||
| Depreciation | 5,805 | 5,248 | |||||
| Non-cash operating lease expense | 1,229 | 1,249 | |||||
| Amortization expense of finance leases | 909 | 644 | |||||
| Stock-based compensation expense | 738 | 1,378 | |||||
| Amortization of intangible assets | 632 | 801 | |||||
| Deferred tax benefit | (1,084 | ) | (132 | ) | |||
| Other | 626 | 426 | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | 14,056 | 7,605 | |||||
| Prepaid expenses and other assets | (3,653 | ) | (2,172 | ) | |||
| Accounts payable, accrued expenses and other liabilities | (3,056 | ) | (3,311 | ) | |||
| Contract liabilities and customer advances | (699 | ) | (1,164 | ) | |||
| Operating lease liabilities | (2,448 | ) | (2,650 | ) | |||
| Net cash provided by operating activities | 9,062 | 6,868 | |||||
| Investing activities: | |||||||
| Capitalized internal-use software costs | (5,272 | ) | (5,833 | ) | |||
| Purchases of property and equipment | (379 | ) | (263 | ) | |||
| Net cash used in investing activities | (5,651 | ) | (6,096 | ) | |||
| Financing activities: | |||||||
| Contingent consideration payment at initial value | (859 | ) | (3,693 | ) | |||
| Principal payments on finance leases | (871 | ) | (658 | ) | |||
| Principal payments on insurance financing | (620 | ) | — | ||||
| Payment of financing and debt issuance costs | (559 | ) | — | ||||
| Principal payments of term loan | (113 | ) | — | ||||
| Other | — | (56 | ) | ||||
| Net cash used in financing activities | (3,022 | ) | (4,407 | ) | |||
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 644 | (384 | ) | ||||
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,033 | (4,019 | ) | ||||
| Cash, cash equivalents and restricted cash at beginning of period | 33,468 | 22,936 | |||||
| Cash, cash equivalents and restricted cash at end of period | $ | 34,501 | $ | 18,917 | |||
| As of March 31, | |||||
| 2025 | 2024 | ||||
| Cash and cash equivalents | $ | 30,969 | $ | 18,730 | |
| Restricted cash | 3,532 | 187 | |||
| Total cash, cash equivalents and restricted cash | $ | 34,501 | $ | 18,917 | |
Reconciliation of Non-GAAP Financial Measures
The following table presents a reconciliation of GAAP net loss and net loss margin to non-GAAP adjusted EBITDA and adjusted EBITDA margin for each of the periods identified. Beginning this quarter and for the comparable prior period, adjusted EBITDA is presented excluding the impact of foreign currency transactions, as described above.
| Three Months Ended March 31, | |||||||
| (In thousands) | 2025 (Unaudited) | 2024 (Unaudited) | |||||
| GAAP net loss | $ | (3,993 | ) | $ | (1,054 | ) | |
| Depreciation | 5,805 | 5,248 | |||||
| Interest expense, net | 1,758 | 572 | |||||
| Amortization expense of finance leases | 909 | 644 | |||||
| Amortization of intangible assets | 632 | 801 | |||||
| Income tax benefit | (1,574 | ) | (157 | ) | |||
| EBITDA | 3,537 | 6,054 | |||||
| Adjustments: | |||||||
| Loss (gain) from foreign currency transactions | 1,743 | (963 | ) | ||||
| Transformation costs(1) | 1,007 | 75 | |||||
| Stock-based compensation expense | 738 | 1,378 | |||||
| Amortization of cloud-computing implementation costs | 345 | 362 | |||||
| Restructuring | — | 460 | |||||
| Change in fair value of contingent consideration liability | — | 89 | |||||
| Other income, net(2) | — | (286 | ) | ||||
| Non-GAAP adjusted EBITDA | $ | 7,370 | $ | 7,169 | |||
| Net loss margin(3) | (4.7)% | (1.2)% | |||||
| Non-GAAP adjusted EBITDA margin(4) | 8.6 | % | 8.3 | % | |||
| (1) | Transformation costs represent (1) expenses incurred prior to formal launch of identified strategic projects with anticipated long-term benefits to the company, generally relating to third-party professional fees and non-capitalizable technology costs tied directly to the identified projects, and (2) severance costs associated with the reorganization of our teams in connection with the identified projects. |
| (2) | Adjustments to other income, net reflect non-cash changes in the fair value of warrants liability included in other income, net on our Condensed Consolidated Statements of Operations and Comprehensive Loss. |
| (3) | Net loss margin is calculated by dividing net loss by revenues reported on our Condensed Consolidated Statements of Operations and Comprehensive Loss for the applicable period. |
| (4) | Non- GAAP adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenues reported on our Condensed Consolidated Statements of Operations and Comprehensive Loss for the applicable period. |
Revenues
Revenues from our offerings of products and services are as follows:
| Three Months Ended March 31, | ||||||||||||||||||
| (In thousands) | 2025 (Unaudited) | % of Revenue | 2024 (Unaudited) | % of Revenue | $ Variance | % Variance | ||||||||||||
| Content & Ad Measurement | ||||||||||||||||||
| Syndicated Audience (1) | $ | 63,504 | 74.1 | % | $ | 64,600 | 74.4 | % | $ | (1,096 | ) | (1.7)% | ||||||
| Cross-Platform | 9,662 | 11.3 | % | 8,020 | 9.3 | % | 1,642 | 20.5 | % | |||||||||
| Total Content & Ad Measurement | 73,166 | 85.4 | % | 72,620 | 83.7 | % | 546 | 0.8 | % | |||||||||
| Research & Insight Solutions | 12,543 | 14.6 | % | 14,175 | 16.3 | % | (1,632 | ) | (11.5)% | |||||||||
| Total revenues | $ | 85,709 | 100.0 | % | $ | 86,795 | 100.0 | % | $ | (1,086 | ) | (1.3)% | ||||||
| (1) Syndicated Audience revenue includes revenue from our movies business, which grew from | ||||||||||||||||||
1 Adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures defined in the "First Quarter Summary Results" section and are reconciled to net income (loss) and net income (loss) margin in the addendum of this release. Beginning this quarter and for comparable prior periods, adjusted EBITDA is presented excluding the impact of foreign currency transactions, as described below.
FAQ
What were Comscore's (SCOR) Q1 2025 revenue and earnings?
How did Comscore's Cross-Platform segment perform in Q1 2025?
What is Comscore's revenue guidance for full-year 2025?
What was Comscore's adjusted EBITDA in Q1 2025?
What is Comscore's debt situation as of March 31, 2025?
