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 Q3 2022 revenue of $92.8 million, a slight increase of 0.3% from Q3 2021. However, a net loss of $52.4 million was recorded, primarily due to a $46.3 million non-cash goodwill impairment charge and $5.8 million restructuring costs. Adjusted EBITDA rose to $11.7 million, reflecting a 4.0% increase year-over-year. The company announced a reduction in its 2022 revenue growth estimate to low single digits while maintaining an adjusted EBITDA margin guidance over 9%. Recent partnerships aim to enhance its local TV measurement services.
Comscore, Inc. (NASDAQ: SCOR) will hold a conference call on November 8 at 5:00 p.m. ET to discuss its financial results for Q3 ended September 30, 2022. The call will be accessible via webcast and telephone registration, providing a unique PIN for participants. Following the call, a replay will be available on their investor relations website. Comscore specializes in media measurement, offering insights across digital and TV platforms to help media buyers and sellers make informed decisions.
FreeWheel and Comscore have announced a partnership enhancing Connected TV (CTV) contextual targeting on the Beeswax platform. This integration allows advertisers to utilize Comscore's Predictive Audiences and CTV brand protection tools, aimed at improving impression identification and viewer targeting while ensuring privacy. This development, prompted by a 21% rise in contextual advertising investments, leverages Comscore's extensive data and technology. FreeWheel aims to continuously optimize CTV buying solutions for its users, ensuring relevance and brand safety in a fragmented video ecosystem.
Ocean Capital LLC, a substantial shareholder in Puerto Rico closed-end bond funds managed by UBS Financial Services, issued a letter urging significant board changes. They estimate that the Funds' Boards have squandered at least $4 million of shareholder capital fighting shareholder nominations while the Funds' net asset values have significantly declined, with some experiencing NAV drops of up to -23.5%. Ocean Capital remains committed to improving governance and enhancing shareholder value, urging investors to support their nominated independent directors.
Comscore (NASDAQ: SCOR) has partnered with dentsu, marking a first in the media agency network landscape. This collaboration aims to transition local TV buying to a Comscore-based currency, enabling transactions based on advanced audiences across all 210 local markets. Initial test buys will occur in early 2023 with clients in top 10 local markets utilizing data from dentsu's M1 audience-building platform. This move is expected to modernize local media buying processes and enhance audience-targeting capabilities.
Comscore, Inc. (NASDAQ: SCOR) has partnered with FOX Television Stations (FTS) to utilize a Comscore-based currency for local TV transactions. This collaboration aims to enhance local TV measurement, leveraging an 84% increase in reportable Comscore households to 13.6 million homes. The partnership allows advertisers to access more comprehensive data to connect with audiences effectively. Comscore's Advanced Audiences™ aims to improve strategies for local TV advertising by combining TV viewership data with household demographic information.
Comscore, Inc. (NASDAQ: SCOR) announced leadership changes aimed at enhancing operational efficiency and innovation. Dr. David Algranati moves to Chief Innovation Officer, with a focus on cross-platform products. Greg Dale is appointed Chief Operating Officer, overseeing technology and business operations, while Jon Lieberman becomes Chief Technology Officer, directing engineering and development. The transition aims to drive profitable growth and meet client needs effectively. Additionally, Chief Commercial Officer Chris Wilson is leaving the company, marking a significant shift in leadership.
Yahoo has partnered with Comscore (NASDAQ: SCOR) to enhance brand safety and suitability controls for connected TV (CTV) advertising through the Yahoo DSP. This collaboration introduces Comscore Activation™, which provides pre-bid inventory filters for campaign delivery without compromising reach. As CTV consumption grows, marketers can leverage contextual segments categorized by TV genres for better alignment with their brand values. The partnership aims to bolster advertisers' confidence in their CTV investments while maximizing campaign effectiveness.
Comscore, Inc. (Nasdaq: SCOR) reported Q2 2022 revenue of $91.4 million, a 4.3% increase from Q2 2021. The company experienced a reduced net loss of $5.1 million, compared to $18.5 million in the same quarter last year. Adjusted EBITDA surged by 146.9% to $6.5 million, with a margin of 7.1%. Despite a 1.7% decline in Digital Ad Solutions revenue, growth in Cross Platform Solutions revenue by 13.2% was notable. Comscore updated its 2022 outlook, projecting revenue growth of 5% to 7% and an adjusted EBITDA margin exceeding 9%.
Comscore (NASDAQ: SCOR) will host a conference call on August 9th at 5:00 p.m. ET to discuss its Q2 2022 financial results, covering the period ending June 30, 2022. Interested participants can join the live webcast or register for a telephone call to receive dial-in details. A replay will be available post-call on the company’s investor relations webpage. As a leader in media measurement, Comscore provides insights across platforms, helping businesses make informed decisions.