Comscore Q3 revenue down 1.9% to $91M, lowers FY revenue guidance

COMSCORE, INC.

2023-Q3 EPS reported -$0.66 revenue$276,242,000

Revenue $91.0M vs $92.8M Q3 2022; net income $2.6M vs net loss $52.4M.
Adjusted EBITDA $13.4M (14.7% margin) vs $11.7M; loss per common share $(0.02).
Full-year 2023 revenue guidance lowered to flat/down 1% vs 2022; double-digit EBITDA margin reaffirmed.
Local TV revenue grew double digits; Activation and CCR combined up 23% in Q3.
Cash and restricted cash $30.3M; total debt principal $21.0M including $16.0M revolver borrowings.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

COMSCORE, INC. reported the quarter ended September 30, 2023 results: revenue $91.0 million, net income $2.6 million, EPS $(0.02). Guidance lowered.

Period: the quarter ended September 30, 2023
Revenue: $91.0 million
Net income: $2.6 million
EPS: $(0.02)
Guidance: lowered
Result: reported results

Exact text from the filing

Comscore Reports Third Quarter 2023 Results RESTON, Va., November 6, 2023 – Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today reported financial results for the quarter ended September 30, 2023. Q3 2023 Financial Highlights • Revenue for the third quarter was $91.0 million compared to $92.8 million in Q3 2022 • Net income of $2.6 million compared to net loss of $52.4 million in Q3 2022 • Adjusted EBITDA of $13.4 million compared to $11.7 million in Q3 2022 • FX adjusted EBITDA of $12.3 million compared to $8.9 million in Q3 2022 • Lowering full year revenue guidance and maintaining adjusted EBITDA guidance

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Source: SEC EDGAR

accession 0001158172-23-000105

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