Business
Comscore Reports Fourth Quarter and Full Year 2019 Results
Q4 Syndicated digital revenue stabilized on a sequential basis Q4 Local TV revenue up 35% year-over-year Comscore announces measurement agreement with Comcast
About this update from Comscore, Inc.
[{"type":"text","content":"Q4 Syndicated digital revenue stabilized on a sequential basis\n Q4 Local TV revenue up 35% year-over-year\n Comscore announces measurement agreement with Comcast\n\n\nRESTON, Va., Feb. 27, 2020 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today reported financial results for the quarter and full year ended December 31, 2019.\nFourth Quarter 2019 Financial Highlights\nRevenue for the fourth quarter was $95.2 million compared to $109.3 million in the prior-year quarter GAAP net loss of $21.4 million, or $(0.31) per share, compared to a net loss of $27.2 million, or $(0.46) per share in the year-ago quarter Adjusted EBITDA for the fourth quarter was $5.5 million compared to $6.3 million in the prior-year quarterFull-Year 2019 Financial Highlights\nRevenue for 2019 was $388.6 million compared to $419.5 million in 2018 GAAP net loss of $339.0 million, or $(5.33) per share, which includes impairment charges of $241.6 million, compared to $159.3 million, or $(2.76) per share in 2018 Adjusted EBITDA of $6.2 million compared to $16.4 million in 2018 Cash, cash equivalents and restricted cash of $66.8 million compared to $50.2 million as of December 31, 2018Recent Key Renewals, Partnerships and New Business Developments\nSyndicated digital - Buzzfeed, iHeartMedia, Publishers Clearing House, Revolt Media and ViacomCBS National TV - The Cowboy Channel and TargetSmart Local TV - CBS Television, KRGV, Gray Television and Quincy Media Movies - Paramount Pictures and Cinemex\"Our fourth-quarter results demonstrate that our turnaround plan is working. We are encouraged by our operating performance, particularly in syndicated digital which showed improvement in the quarter, and local TV,\" said Bill Livek, CEO and Executive Vice Chairman of Comscore. \"We will continue our focus on managing expenses while we shift our efforts towards revenue growth. Energy and enthusiasm from our customers accelerated in the last three months, and we are executing on our plan to deliver products that help our customers achieve better business outcomes.\"\n\"Today, we are also announcing a measurement agreement with Comcast that will greatly improve our direct measurement of television households across the U.S. It is a major step in our ongoing journey toward more precise measu...