Comscore Q2 revenue down 8.4% to $85.8M; cuts FY2024 guidance

COMSCORE, INC.

2024-Q2 EPS reported -$2.28 revenue$172,632,000

Revenue $85.8M (down 8.4% YoY); net loss $1.7M vs $44.9M (prior year had $44.1M goodwill impairment).
Adjusted EBITDA $6.9M vs $8.9M; margin 8.1% vs 9.6% in Q2 2023.
FY2024 revenue guidance revised to $350-360M; adjusted EBITDA margin at least 10%.
CEO Jon Carpenter: legacy media challenges, macro uncertainty; expects return to growth in 2025.
Proximic and CCR products scaling; Proximic growing rapidly as cross-platform measurement gains traction.

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