RESTON,
Va., Nov. 6, 2023 /PRNewswire/ -- 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
"Despite challenging end-markets that impacted revenue in the
quarter, we delivered double-digit growth in local TV, more than
20% growth in Activation and Comscore Campaign Ratings, and a
significant increase in profitability and adjusted EBITDA. As we
close out 2023 and look to 2024, we will continue to leverage
Comscore's complete view of audiences across platforms to deliver
value for our clients and shareholders," said Jon Carpenter, CEO of Comscore.
Third Quarter Summary Results
Revenue in the third quarter was $91.0
million, down 1.9% from $92.8
million in Q3 2022. Digital Ad Solutions revenue
declined 3.6% from Q3 2022, primarily due to the timing of
deliverables for certain custom digital products and lower revenue
from our syndicated digital products, partially offset by increased
usage of our Activation product and growth in Comscore Campaign
Ratings (CCR). On a combined basis, Activation and CCR delivered
growth rates of 23% for the quarter and 26% year to date compared
to 2022. Cross Platform Solutions revenue was up 0.2% from
Q3 2022, driven by continued double-digit growth in local TV
revenue, offset by lower national TV revenue. Movies revenue was
flat compared to the prior year quarter.
Our core operating expenses, which include cost of revenues,
sales and marketing, research and development and general and
administrative expenses, were $86.3
million, a decrease of 4.5% compared to $90.4 million in Q3 2022. The primary driver
of the decline was employee compensation, which decreased from
ongoing restructuring efforts and a higher amount of capitalization
related to internally developed software as we increased our focus
on product infrastructure and innovation in 2023. We also abandoned
two office spaces during the quarter, which resulted in a non-cash
impairment charge of $1.5
million.
Net income was $2.6 million in Q3
2023, compared to net loss of $52.4
million in Q3 2022, resulting in net income (loss)
margins of 2.9% and (56.5)% of revenue, respectively. After
accounting for dividends on our convertible preferred stock, loss
per share attributable to common shares was $(0.02) and $(0.60)
for Q3 2023 and Q3 2022, respectively.
Non-GAAP adjusted EBITDA for the quarter was $13.4 million, compared to $11.7 million in Q3 2022, resulting in
adjusted EBITDA margins of 14.7% and 12.6%, respectively. Excluding
the impact of foreign currency transactions, FX adjusted EBITDA for
the quarter was $12.3 million,
compared to $8.9 million in
Q3 2022. Adjusted EBITDA and adjusted EBITDA margin exclude
stock-based compensation, amortization of cloud-computing
implementation costs, restructuring costs, change in fair value of
contingent consideration and warrants liability, impairment of
goodwill, impairment of right-of-use and long-lived assets,
transformation costs (added in Q3 2023 and applied to prior
periods), and other items as presented in the accompanying tables.
FX adjusted EBITDA excludes these items as well as gain/loss from
foreign currency transactions.
Balance Sheet and Liquidity
As of September 30, 2023, cash, cash equivalents and
restricted cash totaled $30.3
million. Total debt principal, including $16.0 million in outstanding borrowings under our
senior secured revolving credit agreement, was $21.0 million.
2023 Outlook
Based on current trends and expectations, we believe full-year
2023 revenue will be flat to down 1% compared to 2022 and are
reaffirming our guidance for an adjusted EBITDA margin in the
double digits.
We do not provide GAAP net income (loss) or net income (loss)
margin on a forward-looking basis because we are unable to predict
with reasonable certainty our future stock-based compensation
expense, fair value adjustments, variable interest expense,
litigation and restructuring expense and any unusual gains or
losses without unreasonable effort. These items are uncertain,
depend on various factors, and could be material to results
computed in accordance with GAAP. For this reason, we are unable
without unreasonable effort to provide a reconciliation of adjusted
EBITDA or adjusted EBITDA margin to the most directly comparable
GAAP measures, GAAP net income (loss) and net income (loss) margin,
on a forward-looking basis.
Conference Call Information for Today, Monday,
November 6, 2023 at 5:00 p.m.
ET
Management will host a conference call to discuss the results on
Monday, November 6, 2023 at 5:00 p.m.
ET. The live audio webcast along with supplemental
information will be accessible at
ir.comscore.com/events-presentations. Participants can obtain
dial-in information by registering for the call at the same web
address and are advised to register in advance of the call to avoid
delays. Following the conference call, a replay will be available
via webcast at ir.comscore.com/events-presentations.
About Comscore
Comscore is a global, trusted partner for planning, transacting
and evaluating media across platforms. With a data footprint that
combines digital, linear TV, over-the-top and theatrical viewership
intelligence with advanced audience insights, Comscore empowers
media buyers and sellers to quantify their multiscreen behavior and
make meaningful business decisions with confidence. A proven leader
in measuring digital and TV audiences and advertising at scale,
Comscore is the industry's emerging, third-party source for
reliable and comprehensive cross-platform measurement.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of federal and state securities laws, including,
without limitation, our expectations, forecasts, plans and opinions
regarding expected revenue and adjusted EBITDA margin for 2023,
growth areas, strategic and financial focus areas, economic and
industry trends, value delivery to clients and shareholders,
product infrastructure and innovation, and restructuring plans.
These statements involve risks and uncertainties that could cause
actual events to differ materially from expectations, including,
but not limited to, changes in our business and customer, partner
and vendor relationships; external market conditions and
competition; changes or declines in ad spending or other
macroeconomic factors; evolving privacy and regulatory standards;
and our ability to achieve our expected strategic, financial and
operational plans, including the restructuring plan we announced in
September 2022. For additional
discussion of risk factors, please refer to our Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q, and other filings that
we make from time to time with the U.S. Securities and Exchange
Commission (the "SEC"), which are available on the SEC's website
(www.sec.gov).
Investors are cautioned not to place undue reliance on our
forward-looking statements, which speak only as of the date such
statements are made. We do not intend or undertake, and expressly
disclaim, any duty or obligation to publicly update any
forward-looking statements to reflect events, circumstances or new
information after the date of this press release, or to reflect the
occurrence of unanticipated events.
Use of Non-GAAP Financial Measures
To provide investors with additional information regarding our
financial results, we are disclosing in this press release adjusted
EBITDA, adjusted EBITDA margin and FX adjusted EBITDA, which are
non-GAAP financial measures used by our management to understand
and evaluate our core operating performance and trends. We believe
that these non-GAAP financial measures provide useful information
to investors and others in understanding and evaluating our
operating results, as they permit our investors to view our core
business performance using the same metrics that management uses to
evaluate our performance. Nevertheless, our use of these non-GAAP
financial measures has limitations as an analytical tool, and
investors should not consider these measures in isolation or as a
substitute for analysis of our results as reported under GAAP.
Instead, you should consider these measures alongside GAAP-based
financial performance measures, net income (loss), net income
(loss) margin, various cash flow metrics, and our other GAAP
financial results. Set forth below are reconciliations of these
non-GAAP financial measures to their most directly comparable GAAP
financial measures, net income (loss) and net income (loss) margin.
These reconciliations should be carefully evaluated.
Media Kai
Heslop
KCSA Strategic Communications
comscore@kcsa.com
|
|
|
Investors John Tinker
Comscore, Inc.
212-203-2129
jtinker@comscore.com
|
COMSCORE,
INC.
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
|
|
As of
|
|
As of
|
|
September 30,
2023
|
|
December 31,
2022
|
(In thousands, except
share and par value data)
|
(Unaudited)
|
|
|
Assets
|
|
|
|
Current
assets:
|
|
|
|
Cash and cash
equivalents
|
$
30,067
|
|
$
20,044
|
Restricted
cash
|
186
|
|
398
|
Accounts receivable,
net of allowances of $496 and $798, respectively
|
46,469
|
|
68,457
|
Prepaid expenses and
other current assets
|
13,893
|
|
15,922
|
Total current
assets
|
90,615
|
|
104,821
|
Property and equipment,
net
|
41,401
|
|
36,367
|
Operating right-of-use
assets
|
19,750
|
|
23,864
|
Deferred tax
assets
|
3,075
|
|
3,351
|
Intangible assets,
net
|
8,915
|
|
13,327
|
Goodwill
|
343,542
|
|
387,973
|
Other non-current
assets
|
11,541
|
|
10,883
|
Total
assets
|
$
518,839
|
|
$
580,586
|
Liabilities,
Convertible Redeemable Preferred Stock and Stockholders'
Equity
|
|
|
|
Current
liabilities:
|
|
|
|
Accounts
payable
|
$
32,382
|
|
$
29,090
|
Accrued
expenses
|
35,777
|
|
43,393
|
Contract
liabilities
|
50,901
|
|
52,944
|
Revolving line of
credit
|
16,000
|
|
—
|
Accrued
dividends
|
19,846
|
|
7,863
|
Customer
advances
|
7,595
|
|
11,527
|
Current portion of
contingent consideration
|
3,676
|
|
7,134
|
Current operating
lease liabilities
|
7,954
|
|
7,639
|
Other current
liabilities
|
4,742
|
|
5,501
|
Total current
liabilities
|
178,873
|
|
165,091
|
Non-current operating
lease liabilities
|
24,903
|
|
29,588
|
Non-current portion of
accrued data costs
|
30,647
|
|
25,106
|
Non-current revolving
line of credit
|
—
|
|
16,000
|
Deferred tax
liabilities
|
1,832
|
|
2,127
|
Other non-current
liabilities
|
9,133
|
|
10,627
|
Total
liabilities
|
245,388
|
|
248,539
|
Commitments and
contingencies
|
|
|
|
Convertible redeemable
preferred stock, $0.001 par value; 100,000,000 shares authorized
and 82,527,609 shares issued and outstanding as of
September 30, 2023 and 82,527,609 shares authorized, issued
and outstanding as of December 31, 2022; aggregate liquidation
preference of $223,846 as of September 30, 2023, and $211,863
as of December 31, 2022
|
187,885
|
|
187,885
|
Stockholders'
equity:
|
|
|
|
Preferred stock,
$0.001 par value; 5,000,000 shares authorized as of
September 30, 2023 and 7,472,391 shares authorized as of
December 31, 2022; no shares issued or outstanding as of
September 30, 2023 or December 31, 2022
|
—
|
|
—
|
Common stock, $0.001
par value; 275,000,000 shares authorized as of September 30,
2023 and December 31, 2022; 101,851,130 shares issued and
95,086,334 shares outstanding as of September 30, 2023, and
98,869,738 shares issued and 92,104,942 shares outstanding as of
December 31, 2022
|
95
|
|
92
|
Additional paid-in
capital
|
1,695,998
|
|
1,690,783
|
Accumulated other
comprehensive loss
|
(16,809)
|
|
(15,940)
|
Accumulated
deficit
|
(1,363,734)
|
|
(1,300,789)
|
Treasury stock, at
cost, 6,764,796 shares as of September 30, 2023 and
December 31, 2022
|
(229,984)
|
|
(229,984)
|
Total stockholders'
equity
|
85,566
|
|
144,162
|
Total liabilities,
convertible redeemable preferred stock and stockholders'
equity
|
$
518,839
|
|
$
580,586
|
COMSCORE,
INC.
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(LOSS)
(Unaudited)
|
|
|
Three Months Ended
September 30,
|
|
Nine Months Ended
September 30,
|
(In thousands, except
share and per share data)
|
2023
|
|
2022
|
|
2023
|
|
2022
|
Revenues
|
$
91,000
|
|
$
92,783
|
|
$
276,242
|
|
$
278,183
|
|
|
|
|
|
|
|
|
Cost of
revenues (1) (2)
|
50,473
|
|
51,530
|
|
155,360
|
|
155,915
|
Selling and marketing
(1) (2)
|
14,794
|
|
17,199
|
|
48,984
|
|
51,850
|
Research and
development (1) (2)
|
8,083
|
|
8,741
|
|
25,792
|
|
28,190
|
General and
administrative (1) (2)
|
12,928
|
|
12,899
|
|
39,776
|
|
48,119
|
Amortization of
intangible assets
|
800
|
|
6,772
|
|
4,412
|
|
20,323
|
Impairment of
right-of-use and long-lived assets
|
1,502
|
|
—
|
|
1,502
|
|
—
|
Restructuring
|
353
|
|
5,784
|
|
5,455
|
|
5,784
|
Impairment of
goodwill
|
—
|
|
46,300
|
|
44,100
|
|
46,300
|
Total expenses from
operations
|
88,933
|
|
149,225
|
|
325,381
|
|
356,481
|
Income (loss) from
operations
|
2,067
|
|
(56,442)
|
|
(49,139)
|
|
(78,298)
|
Other income,
net
|
628
|
|
1,477
|
|
425
|
|
8,467
|
Gain (loss) from
foreign currency transactions
|
1,090
|
|
2,781
|
|
(544)
|
|
5,728
|
Interest expense,
net
|
(426)
|
|
(284)
|
|
(1,141)
|
|
(660)
|
Income (loss) before
income taxes
|
3,359
|
|
(52,468)
|
|
(50,399)
|
|
(64,763)
|
Income tax (provision)
benefit
|
(741)
|
|
86
|
|
(563)
|
|
(1,945)
|
Net income
(loss)
|
$
2,618
|
|
$
(52,382)
|
|
$
(50,962)
|
|
$
(66,708)
|
Net loss available to
common stockholders:
|
|
|
|
|
|
|
|
Net income
(loss)
|
$
2,618
|
|
$
(52,382)
|
|
$
(50,962)
|
|
$
(66,708)
|
Convertible redeemable
preferred stock dividends
|
(4,286)
|
|
(3,910)
|
|
(11,983)
|
|
(11,603)
|
Total net loss
available to common stockholders
|
$
(1,668)
|
|
$
(56,292)
|
|
$
(62,945)
|
|
$
(78,311)
|
Net loss per common
share:
|
|
|
|
|
|
|
|
Basic and
diluted
|
$
(0.02)
|
|
$
(0.60)
|
|
$
(0.66)
|
|
$
(0.85)
|
Weighted-average number
of shares used in per share
calculation - Common Stock:
|
|
|
|
|
|
|
|
Basic and
diluted
|
97,709,191
|
|
93,347,017
|
|
95,704,106
|
|
92,380,984
|
Comprehensive income
(loss):
|
|
|
|
|
|
|
|
Net income
(loss)
|
$
2,618
|
|
$
(52,382)
|
|
$
(50,962)
|
|
$
(66,708)
|
Other comprehensive
loss:
|
|
|
|
|
|
|
|
Foreign currency
cumulative translation adjustment
|
(2,267)
|
|
(4,553)
|
|
(869)
|
|
(9,638)
|
Total comprehensive
income (loss)
|
$
351
|
|
$
(56,935)
|
|
$
(51,831)
|
|
$
(76,346)
|
|
|
|
|
|
|
|
|
(1) Excludes
amortization of intangible assets, which is presented as a separate
line item.
|
(2)
Stock-based compensation expense is included in the line items
above as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30,
|
|
Nine Months Ended
September 30,
|
|
2023
|
|
2022
|
|
2022
|
|
2022
|
Cost of
revenues
|
$
113
|
|
$
155
|
|
$
435
|
|
$
877
|
Selling and
marketing
|
96
|
|
132
|
|
411
|
|
804
|
Research and
development
|
85
|
|
116
|
|
333
|
|
627
|
General and
administrative
|
747
|
|
1,013
|
|
2,640
|
|
4,906
|
Total stock-based
compensation expense
|
$
1,041
|
|
$
1,416
|
|
$
3,819
|
|
$
7,214
|
COMSCORE,
INC.
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
|
|
|
Nine Months Ended
September 30,
|
(In
thousands)
|
2023
|
|
2022
|
Operating
activities:
|
|
|
|
Net loss
|
$
(50,962)
|
|
$
(66,708)
|
Adjustments to
reconcile to net cash provided by operating activities:
|
|
|
|
Impairment of
goodwill
|
44,100
|
|
46,300
|
Depreciation
|
14,613
|
|
12,542
|
Amortization of
intangible assets
|
4,412
|
|
20,323
|
Non-cash operating
lease expense
|
4,196
|
|
4,540
|
Stock-based
compensation expense
|
3,819
|
|
7,214
|
Impairment of
right-of-use and long-lived assets
|
1,502
|
|
—
|
Amortization expense
of finance leases
|
1,268
|
|
1,875
|
Change in fair value
of contingent consideration liability
|
252
|
|
2,447
|
Change in fair value
of warrants liability
|
(407)
|
|
(8,471)
|
Deferred tax
benefit
|
(61)
|
|
(90)
|
Other
|
1,295
|
|
1,456
|
Changes in operating
assets and liabilities:
|
|
|
|
Accounts
receivable
|
21,899
|
|
22,143
|
Prepaid expenses and
other assets
|
132
|
|
(1,081)
|
Accounts payable,
accrued expenses and other liabilities
|
(2,779)
|
|
3,159
|
Contract liabilities
and customer advances
|
(7,013)
|
|
(3,448)
|
Operating lease
liabilities
|
(5,981)
|
|
(5,665)
|
Net cash provided by
operating activities
|
30,285
|
|
36,536
|
|
|
|
|
Investing
activities:
|
|
|
|
Capitalized
internal-use software costs
|
(16,609)
|
|
(12,402)
|
Purchases of property
and equipment
|
(1,240)
|
|
(823)
|
Net cash used in
investing activities
|
(17,849)
|
|
(13,225)
|
|
|
|
|
Financing
activities:
|
|
|
|
Principal payments on
finance leases
|
(1,337)
|
|
(2,004)
|
Contingent
consideration payment at initial value
|
(1,037)
|
|
—
|
Payments for dividends
on convertible redeemable preferred stock
|
—
|
|
(15,512)
|
Other
|
(276)
|
|
(61)
|
Net cash used in
financing activities
|
(2,650)
|
|
(17,577)
|
Effect of exchange rate
changes on cash, cash equivalents and restricted cash
|
25
|
|
(2,502)
|
Net increase in cash,
cash equivalents and restricted cash
|
9,811
|
|
3,232
|
Cash, cash equivalents
and restricted cash at beginning of period
|
20,442
|
|
22,279
|
Cash, cash equivalents
and restricted cash at end of period
|
$
30,253
|
|
$
25,511
|
|
|
|
As of September
30,
|
|
2023
|
|
2022
|
Cash and cash
equivalents
|
$
30,067
|
|
$
25,086
|
Restricted
cash
|
186
|
|
425
|
Total cash, cash
equivalents and restricted cash
|
$
30,253
|
|
$
25,511
|
Reconciliation of
Non-GAAP Financial Measures
The following table
presents a reconciliation of GAAP net income (loss) and net income
(loss) margin to non-GAAP adjusted EBITDA, adjusted EBITDA margin
and non-GAAP FX adjusted EBITDA for each of the periods
identified:
|
|
|
Three Months Ended
September 30,
|
|
Nine Months Ended
September 30,
|
(In
thousands)
|
2023
(Unaudited)
|
|
2022
(Unaudited)
|
|
2023
(Unaudited)
|
|
2022
(Unaudited)
|
GAAP net income
(loss)
|
$
2,618
|
|
$
(52,382)
|
|
$
(50,962)
|
|
$
(66,708)
|
|
|
|
|
|
|
|
|
Depreciation
|
5,020
|
|
4,186
|
|
14,613
|
|
12,542
|
Income tax provision
(benefit)
|
741
|
|
(86)
|
|
563
|
|
1,945
|
Amortization of
intangible assets
|
800
|
|
6,772
|
|
4,412
|
|
20,323
|
Interest expense,
net
|
426
|
|
284
|
|
1,141
|
|
660
|
Amortization expense of
finance leases
|
419
|
|
515
|
|
1,268
|
|
1,875
|
EBITDA
|
10,024
|
|
(40,711)
|
|
(28,965)
|
|
(29,363)
|
|
|
|
|
|
|
|
|
Adjustments:
|
|
|
|
|
|
|
|
Impairment of
right-of-use and long-lived assets
|
1,502
|
|
—
|
|
1,502
|
|
—
|
Stock-based
compensation expense
|
1,041
|
|
1,416
|
|
3,819
|
|
7,214
|
Transformation costs
(1)
|
653
|
|
—
|
|
753
|
|
460
|
Amortization of
cloud-computing implementation costs
|
360
|
|
358
|
|
1,078
|
|
1,076
|
Restructuring
|
353
|
|
5,784
|
|
5,455
|
|
5,784
|
Change in fair value of
contingent consideration liability
|
97
|
|
44
|
|
252
|
|
2,447
|
Other income,
net(2)
|
(634)
|
|
(1,476)
|
|
(407)
|
|
(8,464)
|
Impairment of
goodwill
|
—
|
|
46,300
|
|
44,100
|
|
46,300
|
Non-GAAP adjusted
EBITDA
|
$
13,396
|
|
$
11,715
|
|
$
27,587
|
|
$
25,454
|
Net income
(loss) margin(3)
|
2.9 %
|
|
(56.5) %
|
|
(18.4) %
|
|
(24.0) %
|
Non-GAAP adjusted
EBITDA margin (4)
|
14.7 %
|
|
12.6 %
|
|
10.0 %
|
|
9.2 %
|
|
|
|
|
|
|
|
|
Adjustments:
|
|
|
|
|
|
|
|
(Gain) loss from
foreign currency transactions
|
(1,090)
|
|
(2,781)
|
|
544
|
|
(5,728)
|
Non-GAAP FX adjusted
EBITDA
|
$
12,306
|
|
$
8,934
|
|
$
28,131
|
|
$
19,726
|
|
(1) Transformation costs represent
expenses incurred prior to formal launch of identified strategic
projects with anticipated long-term benefits to the company. These
costs generally relate to third-party consulting and
non-capitalizable technology costs tied directly to the identified
projects. We added transformation costs as an adjustment in Q3 2023
for greater transparency around these costs and have applied the
adjustment to prior periods for comparison.
|
(2) Adjustments to other income, net
reflects non-cash changes in the fair value of warrants liability
included in other income, net on our Condensed Consolidated
Statements of Operations and Comprehensive Income
(Loss).
|
(3) Net
income (loss) margin is calculated by dividing net income (loss) by
revenues reported on our Condensed Consolidated Statements of
Operations and Comprehensive Income (Loss) for the applicable
period.
|
(4) Adjusted EBITDA margin is
calculated by dividing adjusted EBITDA by revenues reported on our
Condensed Consolidated Statements of Operations and Comprehensive
Income (Loss) for the applicable period.
|
Revenues
Revenues from our two
offerings of products and services are as follows:
|
|
|
Three Months Ended
September 30,
|
|
|
|
|
(In
thousands)
|
2023
(Unaudited)
|
|
% of
Revenue
|
|
2022
(Unaudited)
|
|
% of
Revenue
|
|
$
Variance
|
|
%
Variance
|
Digital Ad
Solutions
|
$
50,501
|
|
55.5 %
|
|
$
52,360
|
|
56.4 %
|
|
$
(1,859)
|
|
(3.6) %
|
Cross Platform
Solutions(1)
|
40,499
|
|
44.5 %
|
|
40,423
|
|
43.6 %
|
|
76
|
|
0.2 %
|
Total
revenues
|
$
91,000
|
|
100.0 %
|
|
$
92,783
|
|
100.0 %
|
|
$
(1,783)
|
|
(1.9) %
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Cross
Platform Solutions revenue includes revenue from our movies
business, which was $8.7 million in the third quarter of 2022 and
2023.
|
|
|
Nine Months Ended
September 30,
|
|
|
|
|
(In
thousands)
|
2023
(Unaudited)
|
|
% of
Revenue
|
|
2022
(Unaudited)
|
|
% of
Revenue
|
|
$
Variance
|
|
%
Variance
|
Digital Ad
Solutions
|
$
153,597
|
|
55.6 %
|
|
$
157,127
|
|
56.5 %
|
|
$
(3,530)
|
|
(2.2) %
|
Cross Platform
Solutions(1)
|
122,645
|
|
44.4 %
|
|
121,056
|
|
43.5 %
|
|
1,589
|
|
1.3 %
|
Total
revenues
|
$
276,242
|
|
100.0 %
|
|
$
278,183
|
|
100.0 %
|
|
$
(1,941)
|
|
(0.7) %
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Cross
Platform Solutions revenue includes revenue from our movies
business, which grew from $25.3 million in the nine months ended
September 30, 2022 to $26.2 million in the nine months ended
September 30, 2023.
|
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multimedia:https://www.prnewswire.com/news-releases/comscore-reports-third-quarter-2023-results-301979124.html
SOURCE Comscore, Inc.