Business
Comscore Reports Fourth Quarter and Full Year 2022 Results
FY Revenue of $376.4 million, up 2.6% from 2021 FY Net Loss of $66.6 million versus $50.0 million in 2021 FY Adjusted EBITDA of $37.0 million, up 16.1% from
About this update from Comscore, Inc.
[{"type":"text","content":"FY Revenue of $376.4 million, up 2.6% from 2021\nFY Net Loss of $66.6 million versus $50.0 million in 2021\nFY Adjusted EBITDA of $37.0 million, up 16.1% from 2021\nRESTON, Va., Feb. 28, 2023 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, today reported financial results for the fourth quarter and full year ended December 31, 2022.\nFY 2022 Financial Highlights\nRevenue for 2022 was $376.4 million compared to $367.0 million in 2021Net loss of $66.6 million compared to $50.0 million in 2021, resulting primarily from a non-cash goodwill impairment charge of $46.3 million and restructuring costs of $5.8 million in Q3 2022Adjusted EBITDA of $37.0 million compared to $31.9 million in 2021Cash, cash equivalents and restricted cash of $20.4 million versus $22.3 million as of December 31, 2021Q4 2022 Financial Highlights\nRevenue for the fourth quarter was $98.2 million compared to $96.5 million in Q4 2021Net income of $0.1 million compared to $2.9 million in Q4 2021Adjusted EBITDA of $12.0 million compared to $12.4 million in Q4 20212023 Financial Outlook \nRevenue expected to grow low to mid single digits over 2022Adjusted EBITDA margin expected to be in the double digits for 2023Recent Developments\nAdopted as exclusive currency provider across Scripps' footprint in their 41 local markets as of January 1, 2023Secured long-term renewals with NBCU for national and local televisionSecured expansion and long-term renewal across the entire Gray Television broadcasting footprintSigned 11 new independent agencies in Q4 2022, including Berkshire Hathaway Automotive that represents over 100 Tier 3 dealers across 10 markets, Buonasera Media Services that represents Harris Teeter in the Southeast, and Intermedia Advertising Group that represents TitleMax and CarShield nationwideRenewed measurement partnership with JOY-CPW, Inc., producer of \"Game Time with Boomer Esiason,\" to provide local TV measurement spanning all 210 U.S. marketsSimilar to last year, selected by YouTube to identify the incremental advertising reach across YouTube before, during and after the Super Bowl linear TV broadcast for 15 major brandsExpanded partnership with Adform to roll out Predictive Audiences globally, providing \"Cookie-free\" audience targeting to identify precise audiences, ...