Slide 1: First Quarter 2023 Earnings Call
Fourth Quarter Earnings - 2022 First Quarter 2023 Earnings Call Jon Carpenter Mary Margaret Curry CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER MAY 9, 2023
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of federal and state securities laws, including, without limitation, our expectations, forecasts, plans and opinions regarding our strategic plans, market opportunities, comm
Slide 3: First Quarter 2023 Earnings
=) comscore First Quarter 2023 Earnings
Slide 4: Key First Quarter Accomplishments
KEY FIRST QUARTER ACCOMPLISHMENTS YouTube & NFL Sunday Ticket Comscore Campaign Ratings (CCR) Win Tubi & Roku – Cross Platform Coverage Expansion via Comscore Campaign Ratings Several new Predictive Audiences platform integrations, including one of the largest in the world; thousands of advertisers
Slide 5: Our Vision
OUR VISION Provide clients with the most complete view of audiences – regardless of device or platform – for both content and ads. 5/8/2023 5
Slide 6: Comscore
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Slide 7: Starts with our unmatched audience scale
STARTS WITH OUR UNMATCHED AUDIENCE SCALE SET-TOP BOXES CONNECTED TVS 74M+ 150M+ 1-IN-3 U.S. HOUSEHOLDS MOBILE DEVICES DESKTOP DEVICES CURRENTLY MEASURING 0 445M 150M+ CURRENTLY MEASURING 9 OUT OF EVERY 10 DEVICES IN U.S. Data as of February 2023 5/8/2023 7 STB data includes linear and on-demand
Slide 8: Personification: Interoperability - Eliminating Friction for Clients
INTEROPERABILITY – ELIMINATING FRICTION FOR CLIENTS P E R S O N I F I C AT I O N Adding measurement in people to our existing household-based measurement • Making Comscore easier for our clients to work with by meeting them where they are today • Initial data to clients this month • Full launch in C
Slide 9: Digital
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Slide 10: Comscore Digital - Independent Audience Measurement
COMSCORE DIGITAL – INDEPENDENT AUDIENCE MEASUREMENT VA L U E C O M S C O R E D I G I TA L PROPOSITION B U S I N E S S T O D AY PUBLISHER I N T E G R AT I O N S D I G I TA L R E V E N U E CLIENTS 10
Slide 11: Audience Addressability Gap
AUDIENCE ADDRESSABILITY GAP Signal loss is making audiences That signal loss has driven a reduction harder for advertisers to reach in eCPM for publishers of - Their audiences may not have changed, but the ability to target them ~60% via 3rd party cookies has, and has eroded their value Percentage o
Slide 12: Digital Strategy for Growth
DIGITAL STRATEGY FOR GROWTH TRANSACT MEASURE ENRICH P R O G R A M M AT I C A L LY Our proprietary privacy-centric Partnering with The Trade Desk to AI-enabled Predictive methodology for measuring digital nest Unified ID 2.0 into our Audiences already integrated for audiences publisher technology to
Slide 13: Comscore
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Slide 14: What Matters Going Forward
WHAT MATTERS GOING FORWARD 14
Slide 15: The Cross-Platform Audience Measurement Opportunity
THE CROSS-PLATFORM AUDIENCE MEASUREMENT OPPORTUNITY $67B* LINEAR AD SPEND $404B* TOTAL AD SPEND $337B* DIGITAL & CTV AD SPEND 15 *eMarketer projected ad spend, 2024
Slide 16: Driving Durable Growth
DRIVING DURABLE GROWTH Measuring more than 1 trillion Our ability to measure Our unique position to deliver events per month across mobile audiences down to the zip- on this due to the complete devices, CTV, laptops, mobile code level, providing targeted view of audiences we have apps along with the
Slide 17: First Quarter 2023 Financials
=) comscore First Quarter | 2023 Financials
Slide 18: First Quarter Revenue
FIRST QUARTER REVENUE ($2.4M) year over year ✓ Cross Platform Solutions up over the decline prior year quarter: • Local TV grew double digits $94.0 $97.7 • National TV down due to one-time $91.6 $91.6 custom deliverable in prior year ✓ Movies revenue up 7.3% year over year ✓ Digital Ad Solutions dow
Slide 19: First Quarter Adjusted EBITDA
FIRST QUARTER ADJUSTED EBITDA ADJUSTED EBITDA ($1.6M) ✓ Excluding FX, adjusted EBITDA up 4.7% year over year decline over prior year ✓ Disciplined cost execution - core operating expenses* down 6% year over $6.8 year $5.2 ✓ Restructuring plan on track 7.2% margin 5.7% margin ✓ Accelerating operation
Slide 20: Full Year 2023 Guidance
FULL YEAR 2023 GUIDANCE TOTAL TOTAL ADJUSTED REVENUE EBITDA MARGIN Low to Mid Single Double Digit Digit Growth (%) Margin Rate $376M 9.8% 2 0 2 2 2 0 2 3 2 0 2 2 2 0 2 3 20
Slide 21: Fourth Quarter Earnings - 2022
Fourth Quarter Earnings - 2022
Slide 22: Use of Non-GAAP Financial Measures
USE OF NON-GAAP FINANCIAL MEASURES To provide investors with additional information regarding our financial results, we are disclosing 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 oper
Slide 23: First Quarter Adjusted EBITDA Reconciliation
FIRST QUARTER ADJUSTED EBITDA RECONCILIATION 23