Welcome to our dedicated page for Comscore news (Ticker: SCOR), a resource for investors and traders seeking the latest updates and insights on Comscore stock.
Comscore, Inc. reports company developments tied to media measurement, audience analytics and advertising evaluation across digital, linear TV, over-the-top, connected TV, audio and theatrical channels. Its news commonly covers financial results, local TV measurement agreements, cross-platform measurement products, and syndicated research on consumer behavior and media usage.
Comscore updates also include Proximic by Comscore audience and contextual advertising capabilities, partnerships with demand-side platforms and media buyers, programmatic and political advertising solutions, and capital-structure developments following its completed recapitalization transaction.
Comscore, Inc. (Nasdaq: SCOR) reported its financial results for FY 2022, with total revenue reaching $376.4 million, a 2.6% increase from 2021. However, the company incurred a net loss of $66.6 million, up from $50.0 million in the prior year, largely due to a non-cash goodwill impairment charge of $46.3 million. Adjusted EBITDA improved by 16.1% to $37.0 million. In Q4 2022, revenue was $98.2 million, a slight rise from $96.5 million in Q4 2021, but net income fell to $0.1 million from $2.9 million. Looking ahead, the company projects low to mid single-digit revenue growth for 2023.
Comscore (NASDAQ: SCOR) has renewed its successful partnership with JOY-CPW, Inc. for a three-year deal to provide local TV measurement across all 210 U.S. markets. This agreement supports the award-winning series, "Game Time with Boomer Esiason," which features prominent sports figures and is broadcasted on over 300 stations nationwide. Comscore's advanced local TV solutions utilize data from more than 30 million TV homes, offering accurate insights for advertisers. The renewed partnership aims to enhance audience understanding and improve ad sales efforts in a sports-driven market.
Deepwatch has appointed Mel Wesley as its new Chief Financial Officer (CFO). With over 25 years in finance, including a successful track record in technology companies, Wesley will oversee finance, legal, and corporate development during the company's rapid growth phase. Notably, he has experience managing financial transactions and exits totaling nearly $3 billion and has previously served as CFO for companies like comScore (NASDAQ: SCOR) and FireEye (NASDAQ: FEYE). Deepwatch recently achieved 100% year-over-year sales growth and received a $180 million investment to further accelerate its innovation and expansion efforts.
On February 17, 2023, Comscore (NASDAQ: SCOR) announced a scheduled conference call to discuss its fourth quarter and full year financial results for the period ending December 31, 2022. The call will take place on February 28, 2023, at 5:00 p.m. ET. Interested parties can access the call via a live webcast or by telephone registration. The company emphasizes its role as a trusted partner for media planning and evaluation, combining digital and TV audience measurement.
Comscore (NASDAQ: SCOR) reports a record year for digital commerce in 2022, surpassing $1 trillion in online retail consumer spending, a remarkable 21% year-over-year increase.
Mobile devices accounted for nearly 40% of this total, growing at 26% compared to 14% for desktops. The holiday season alone saw online retail spending exceed $230 billion, marking a 20% YoY growth.
The most significant spending categories included grocery, apparel, and event tickets, demonstrating consumers' preference for seamless online purchasing.
Comscore (NASDAQ: SCOR) will participate in the 25th Annual Needham Growth Conference on January 10 at 4:30 PM ET. CEO Jon Carpenter will engage in a fireside chat with Senior Analyst Laura Martin. A live webcast can be accessed on Comscore’s Investor Relations website, with a replay available post-event. Comscore specializes in evaluating media across platforms, providing insights for media buyers and sellers to optimize decision-making.
AZTV7, a locally owned broadcast station in Phoenix, has signed an agreement with Comscore (NASDAQ: SCOR) to utilize its local TV currency for advertising. This partnership aims to enhance advertising measurement accuracy for KAZT's growing advertiser base, leveraging Comscore's database of over 340,000 homes in the Phoenix market. KAZT's General Manager emphasized the importance of high-quality audience data for advertisers. The collaboration highlights Comscore's commitment to providing reliable audience measurement and advanced advertising solutions.
Comscore, Inc. (NASDAQ: SCOR) has released its latest rankings for October 2022, revealing significant social media engagement in the General News category within the UK. The analysis shows over 138 million actions across platforms like Instagram, Facebook, YouTube, and Twitter. Google Sites leads in both audience size and engagement, followed by Microsoft and Facebook. Reach Group is the top local publisher with 43.5 million unique visitors. In the engagement ranking, Ladbible tops with 63 million actions, followed by BBC News and Daily Mail.
AdAdapted has partnered with Comscore to enhance advertising for alcohol brands by ensuring compliance with legal drinking age (LDA) requirements. Utilizing Comscore's Mobile Metrix data, AdAdapted aims to strengthen its audience insights and improve consumer targeting. This partnership will assist alcohol marketers in confidently reaching their demographics while adhering to compliance standards set by the Distilled Spirit Council, which mandates that at least 71.6% of the audience must be of legal age. The collaboration reflects AdAdapted's commitment to providing reliable advertising solutions.
Simulmedia has announced a partnership with Comscore to integrate its custom viewership segments into the TV+® platform. This collaboration aims to assist entertainment marketers in effectively targeting audiences across various channels, including streaming TV, by leveraging Comscore’s data. The move is expected to enhance promotional campaigns for both new and returning shows, ensuring marketers can reach interested viewers. The integration also promises increased cost-efficiency and reduced audience duplication, which is crucial in today's fragmented media landscape.