Slide 1: Second Quarter 2022 Earnings Call
Second Quarter Earnings: August 2022 Second Quarter 2022 Earnings Call Jon Carpenter Mary Margaret Curry CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER August 9, 2022
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Second Quarter Earnings: August 2022 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 strate
Slide 3: Leadership
LEADERSHIP Second Quarter Earnings: August 2022 Dr. Nana Banerjee Jon Carpenter Mary Margaret Curry CHAIRMAN OF CEO CFO THE BOARD
Slide 4: Second Quarter 2022 Results
SECOND QUARTER 2022 RESULTS Second Quarter Earnings: August 2022 Q2 2022 Q2 2022 Adjusted EBITDA: Revenue: $91.4M +4% YEAR-OVER-YEAR $6.5M +147% YEAR-OVER-YEAR Tightening 2022 full year revenue guidance to 5%-7% growth Full-year adjusted EBITDA margin rate expected to exceed 9% 4
Slide 5: Strong Foundation
STRONG FOUNDATION Second Quarter Earnings: August 2022 Leading syndicated media measurement company creating scalable products for buyers & sellers to plan & transact across linear, premium video, and digital Solution Groups* Customer Segments* Sustainable, Syndicated Revenue*** 44% 8% 2% 9% 2% 35%
Slide 6: Anchored by Key Strengths
ANCHORED BY KEY STRENGTHS Second Quarter Earnings: August 2022 Operate within several large end-markets with room to grow Proven ability to create scalable, syndicated products Measuring 1 in 3 households nationally Best-in-class data assets and methodology Strong relationships with industry’s most
Slide 7: A Complete View of Audiences
A COMPLETE VIEW OF AUDIENCES Second Quarter Earnings: August 2022 75M+ SET-TOP BOXES 200M+ MOBILE DEVICES 50M+ CONNECTED TVS 50B+ EVENTS MEASURED/ DAY 150M+ DESKTOP DEVICES DATA AS OF JANUARY 2022 50B events, 200M+ mobile devices, 150M+ desktop, and 50M+ CTV are global numbers Any use of Comscore Ma
Slide 8: Establishing a Renewed Focus
ESTABLISHING A RENEWED FOCUS Second Quarter Earnings: August 2022 Slow to Deliver Complex Solutions High Operating & Innovate… & Delivery Costs… Focused Speed Profitability Execution …Client Obsessed, …Scalable, Interoperable, …Profitable Growth; Faster Products, Leaner Disciplined Innovation Adjust
Slide 9: Areas of Opportunity
Second Quarter Earnings: August 2022 Areas of Opportunity August 9, 2022
Slide 10: Unlocking Opportunity in Local
UNLOCKING OPPORTUNITY IN LOCAL Second Quarter Earnings: August 2022 FOCUS ~$24B* …US Local AD Spend 1. Product execution: speed of data delivery (first step early Q4 2022) 2. ~$400-500M** Driving demand from the buy-side local measurement revenue (agencies & advertisers) …Dominant Player Share of Ma
Slide 11: Solving for Cross Platform Measurement
SOLVING FOR CROSS PLATFORM MEASUREMENT Second Quarter Earnings: August 2022 Cross-Platform Follow and measure content & ads wherever they’re distributed LINEAR AV O D SVOD 69% of Viewing Hrs* 18% of Viewing Hrs* 13% of Viewing Hrs* 75m STB + | 1-in-3 HH Nationally | 300k local market survey ✓ 13m+ S
Slide 12: Gaining Traction in Cross Platform with CCR
GAINING TRACTION IN CROSS PLATFORM WITH CCR Second Quarter Earnings: August 2022 Comscore Campaign Ratings (CCR) • Deduplicated person-level reach/frequency measurement – Linear, CTV, Desktop, Mobile, including walled gardens • Co-viewing to account for every eyeball • Privacy-forward tagless integr
Slide 13: Unlocking Opportunity in Digital: Priorities
UNLOCKING OPPORTUNITY IN DIGITAL Second Quarter Earnings: August 2022 Comscore Digital: PRIORITIES Massive, privacy-forward datasets powering digital businesses 1. Driving product synergy - integrating social media, CTV, more to meet customers where they are and with the speed they need to derive fa
Slide 14: Path to Greater Profitability
PATH TO GREATER PROFITABILITY Second Quarter Earnings: August 2022 Path to Incremental Adjusted EBITDA KEY DRIVERS 15%+ • Drive operational efficiencies across the organization • Optimization of panel & enumeration • Rationalize portfolio investment ~9% and support costs • Expand offshore presence f
Slide 15: Moving Forward
MOVING FORWARD Second Quarter Earnings: August 2022 BUILDING A NEW FOCUSED COMPELLING C U LT U R E EXECUTION FINANCIAL PROFILE Customer Local Currency Mid Single Digit Obsessed Expansion Rev Growth Faster, Leaner Cross Platform +15% Adj. Delivery EBITDA Margin Goal Disciplined Innovation Market Lead
Slide 16: Second Quarter 2022 Financials
Second Quarter Earnings: August 2022 Second Quarter 2022 Financials August 9, 2022
Slide 17: Second Quarter Results
SECOND QUARTER RESULTS Second Quarter Earnings: August 2022 Total Revenue Adjusted EBITDA +4% year over year growth +147% $91.4 year over year $87.7 growth $6.5 $2.6 Q2 2021 Q2 2022 Q2 2021 Q2 2022 See reconciliation of adjusted EBITDA to net income (loss) in appendix.
Slide 18: Second Quarter Revenue Growth
SECOND QUARTER REVENUE GROWTH Second Quarter Earnings: August 2022 Key Cross Platform Movies Digital Ad Drivers Solutions Reporting* Solutions Q2 Revenue Growth of -2% 4% YoY +13% year over year growth year over year growth +12% $52.5 $51.6 Strength in TV year over year growth measurement $39.8 $35.
Slide 19: Full Year 2022 Guidance
FULL YEAR 2022 GUIDANCE Second Quarter Earnings: August 2022 Metric Low End High End Total Revenue Growth 5% 7% Cross Platform Solutions Double Digit Digital Ad Solutions Near Flat Adjusted EBITDA Margin Rate To Exceed 9%
Slide 20: Second Quarter Earnings: August 2022
Second Quarter Earnings: August 2022
Slide 21: Appendix
Second Quarter Earnings: August 2022 Appendix August 9, 2022
Slide 22: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures Second Quarter Earnings: August 2022 To provide investors with additional information regarding our financial results, we are disclosing adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP financial measures used by our management to understand and evalu
Slide 23: Q2 2022 Adjusted EBITDA
Q2 2022 Adjusted EBITDA Second Quarter Earnings: August 2022
Slide 24: Second Quarter Earnings: August 2022
Second Quarter Earnings: August 2022