Revenue of $94.0 Million, up 4% from Q1 2021
Net Loss of $9.3 Million versus $36.4 Million in Q1 2021
Adjusted EBITDA of $6.8 Million, up 22% from Q1 2021
RESTON, Va., May 10, 2022–(BUSINESS WIRE)–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, 2022.
Q1 2022 Financial Highlights
- Revenue for the first quarter was $94.0 million compared to $90.3 million in Q1 2021
- TV measurement grew double digits year over year on new business wins and renewals with long-standing partners
- Activation up 20% year over year as our privacy-forward solutions are beginning to scale
- Net loss of $9.3 million compared to a net loss of $36.4 million in Q1 2021
- Adjusted EBITDA of $6.8 million compared to $5.6 million in Q1 2021
Recent Business Developments
Cross Platform Solutions
- MRC audit for Local and National Television measurement is underway
- New National TV business wins with Warner Bros. Discovery and Paramount Global
- Warner Bros. Discovery considers Comscore as an alternative currency provider with multiple national agencies
- NBCU certifies Comscore for Local currency measurement, NBCU's only certified Local provider
- Comcast Cable's ad sales division Effectv announces Comscore as a currency for its local markets
- Sinclair becomes first TV group to subscribe to a multiyear contract with Comscore's Consumer Intelligence (CCI) for local markets
- Expanded relationship with WideOrbit to include Comscore as a new currency for its local markets, with automated TV buying and selling across 1700 stations in all 210 markets
Digital Ad Solutions
- Renewed partnership with IRI to add custom CPG segments to Comscore's growing Activation suite of privacy-forward product offerings
- Tremor International partners with Comscore's cookie-free Predictive Audiences to pre-bid audience targeting across desktop, mobile and connected TV (CTV)
- New business with Redfin and WebMD
- CCR engagement with NBCU…