Business
Comscore Reports First Quarter 2022 Results
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
About this update from Comscore, Inc.
[{"type":"text","content":"\nRevenue of $94.0 Million, up 4% from Q1 2021\n\nNet Loss of $9.3 Million versus $36.4 Million in Q1 2021\n\nAdjusted EBITDA of $6.8 Million, up 22% from Q1 2021\n\n RESTON, Va.--(BUSINESS WIRE)--\nComscore, 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.\n\nQ1 2022 Financial Highlights\n\n\nRevenue for the first quarter was $94.0 million compared to $90.3 million in Q1 2021\n\n\nTV measurement grew double digits year over year on new business wins and renewals with long-standing partners\n\n\nActivation up 20% year over year as our privacy-forward solutions are beginning to scale\n\n\nNet loss of $9.3 million compared to a net loss of $36.4 million in Q1 2021\n\n\nAdjusted EBITDA of $6.8 million compared to $5.6 million in Q1 2021\n\n\nRecent Business Developments\n\nCross Platform Solutions\n\n\nMRC audit for Local and National Television measurement is underway\n\n\nNew National TV business wins with Warner Bros. Discovery and Paramount Global\n\n\nWarner Bros. Discovery considers Comscore as an alternative currency provider with multiple national agencies\n\n\nNBCU certifies Comscore for Local currency measurement, NBCU's only certified Local provider\n\n\nComcast Cable's ad sales division Effectv announces Comscore as a currency for its local markets\n\n\nSinclair becomes first TV group to subscribe to a multiyear contract with Comscore's Consumer Intelligence (CCI) for local markets\n\n\nExpanded 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\n\n\nDigital Ad Solutions\n\n\nRenewed partnership with IRI to add custom CPG segments to Comscore's growing Activation suite of privacy-forward product offerings\n\n\nTremor International partners with Comscore's cookie-free Predictive Audiences to pre-bid audience targeting across desktop, mobile and connected TV (CTV)\n\n\nNew business with Redfin and WebMD\n\n\nCCR engagement with NBCU and Warner Bros. Discovery\n\n\n\"This was another solid quarter of year-over-year growth for Comscore. I am proud of the progress we are making across all our lines of business. As the measurement landscape evolves, Comscore remains focused on delivering ...