Slide 1: Q2 2024 Earnings Call
Second Quarter 2024 Q2 2024 Earnings Call Jon Carpenter Mary Margaret Curry Chief Executive Officer Chief Financial Officer
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; economic and industry tre
Slide 3: 2024 1H Performance
2024 1H Performance (in millions) First Half Themes: Revenue Legacy Media Channels Remain Challenged $173M Research & Insight Solutions Revenue Very Choppy Through 1H -6.8% year-over-year … Down 5% in first quarter; Down 16% in 2 nd quarter with pull back across legacy TV and Adj. EBITDA Pharma clie
Slide 4: 2024 Q2 Revenue
2024 Q2 Revenue (in millions) 8.4% year-over-year Content & Ad Measurement Solutions down 6.7% VPY: Lower Syndicated Audience revenue from national TV and syndicated digital; Movies growth of 5.3% Lower Cross-Platform revenue from pacing of CCR $93.7 $85.8 rollout, offset by growth in Proximic Resea
Slide 5: 2024 Q2 Adjusted EBITDA
2024 Q2 Adjusted EBITDA (in millions) 22.8% year-over-year Disciplined cost execution allowed us to maintain adjusted EBITDA margin with lower revenue Core operating expenses* down 6.1% year over year Continuing to invest in areas that provide opportunities for growth $8.9 … Streamlined user interfa
Slide 6: 2024 Q3 & FY Guidance
2024 Q3 & FY Guidance (in millions) Second Half Expectations: Legacy Media Channels Remain Challenged Full-Year Q3 Syndicated Digital down mid-single digits Revenue Revenue Syndicated TV down double digits $350-$360 4-6% Custom Forecast Built to be Conservative + Cross Platform up ~30% 2H; Momentum
Slide 7: Balance Sheet Progress
Balance Sheet Progress Paid down $6M of Settled $33M in accrued credit facility dividends via preferred shares $10M outstanding Effective conversion price @ $49.44 Evaluating financing options Reduced special dividend threshold – now $47M Paid ~$12M towards Paid nearly all Shareablee restructuring o
Slide 8: Looking Forward – Return to Growth
Looking Forward – Return to Growth 1H FY 2025 2025 and Beyond 2024 2024 Flat to Syndicated down low • Churn improvement (8%) (6-7%) • Fully anniversary key 2023 renewals by EOY 2024 Audience single • Movies steady, low-mid single digit growth digits • Introduction of comprehensive cross-platform You
Slide 9: Momentum for 2025
Momentum for 2025 Cross-Platform Ad Measurement • Brands leaning in – ex. 5 of top 10 auto brands • Agencies engaging in new long-term negotiations • New Platform integration pipelines continue Proximic Keys to • Significant opportunity born out of Oracle announcement – expected to drive increases i
Slide 10: Thank you
First Quarter 2024 My comscore Thank you
Slide 11: 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 12: Second Quarter Adjusted EBITDA Reconciliation
Second Quarter Adjusted EBITDA Reconciliation