Slide 1: Q1 2024 Earnings Call
First Quarter 2024 Q1 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; market opportunities; econ
Slide 3: Modernizing Measurement For a Converged Media Ecosystem
Consensus Choice Modernizing for Big Data Television Measurement Measurement Leader in Digital Audience For a Converged Measurement Cross-Platform Media Ecosystem Measurement Built for the Programmatic Ecosystem
Slide 4: 2024 Q1 Progress
2024 Q1 Progress Continued Adj. EBITDA Proximic Impressions Cross-Platform Execution Serviced Growth Adoption 28% UP 55% VPY 75%+ Growth in Q1 (VPY) Q1 Revenue Growth (VPY) Proximic & CCR Q1 2024 Adj. EBITDA • Adoption continued to accelerate • Proximic named ”2024 Programmatic Power • Disciplined c
Slide 5: The Only Measurement Company with MRC Certification
The Only Measurement Company with MRC Certification For Awarded Accreditation* For Local & National AND Both Local & National TV Measurement JIC Certification For *Excludes reporting of households overlayed with age/gender demographic breaks and households with demographic compositions. Cross-platfo
Slide 6: 2024 Q1 Performance
2024 Q1 Performance (in millions) Revenue Adj. EBITDA Robust Proximic & Cost discipline $86.8 Down 5% VPY CCR growth Timing of platform integrations slowing $8.1 Up 55% VPY Streamlining tech and product ramp-up of new Margin rate revenue acceleration Cross-Platform Progress & Improving Adj. EBITDA M
Slide 7: First Quarter 2024 Financials
First Quarter 2024 Financials
Slide 8: 2024 Q1 Revenue
2024 Q1 Revenue (in millions) -5.2% year-over-year Cross Platform Solutions down 9.7% year over year: Lower national TV revenue Movies revenue growth of 4.6% $91.6 $86.8 Digital Ad Solutions down 1.5% year over year: Lower syndicated digital revenue Continued growth in Proximic and CCR - up 28.4% Q1
Slide 9: 2024 Q1 Adjusted EBITDA
2024 Q1 Adjusted EBITDA (in millions) +55.1% year-over-year Disciplined cost execution - core operating expenses* down 4.5% year over year Accelerating operational transformation initiatives to drive future efficiencies $8.1 Investing in areas with opportunity for growth $5.2 Q1 2023 Q1 2024
Slide 10: New Solution Groups
=a COMSCore New Solution i Groups dy
Slide 11: Comscore Does Two Things
Comscore Does Two Things Content & Ad Deliver Measurement Insights
Slide 12: New Solution Groups
New Solution Groups (in millions) 2023 Revenue: ~$310 2023 Revenue: ~$61 Content & Ad Measurement Research & Insight Solutions Measuring Audiences For Linear TV, Digital and Streaming Providing Research Solutions and Products • Comscore TV™ – National & Local (Linear) Tailored to Clients’ Specific N
Slide 13: Content & Ad Measurement
(in millions) ~$310 Content & 2023 Revenue Ad Measurement ~$276 Measuring audiences across content & ads for linear, digital, streaming, and box office ~$34 EXPECTED LONG-TERM GROWTH RATE: Sell-Side Use-Case Low Single Digit Enabling publishers and broadcasters to effectively articulate the EXPECTED
Slide 14: Research & Insight Solutions
(in millions) ~$61 Research 2023 Revenue & Insight Solutions Custom research and insights tailored to clients’ specific needs EXPECTED LONG-TERM GROWTH RATE: Sell-Side Use-Case Low Single Digit Providing custom data feeds and research to publishers and broadcasters to help them communicate the uniqu
Slide 15: New Solution Groups Q1 2024
New Solution Groups Q1 2024 (in millions) Content & Ad Measurement Research & Insight Solutions $64.6 $14.2 $8.0 Syndicated Cross-Platform Research & Insight Solutions Audience Transparency In Revenue Reporting Groups
Slide 16: Guidance
My comscore Guidance
Slide 17: Guidance
Guidance Revenue (in millions) Adjusted EBITDA Margin $371 $375 - $390 11.9% 12-15% 2023 2024 2023 2024
Slide 18: 2H 2024 Revenue Bridge
2H 2024 Revenue Bridge 2H Expected Growth Drivers • Churn improvement continues Syndicated Audience • ASP continues to grow as enhancements roll out • Enterprise deal renewals • Platform integration completion & usage scaling Cross-Platform • Buy-side demand generation • Ramping up custom data-feed
Slide 19: Thank you
First Quarter 2024 My comscore Thank you
Slide 20: 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 21: First Quarter Adjusted EBITDA Reconciliation
First Quarter Adjusted EBITDA Reconciliation
Slide 22: New Solution Groups Historical View
New Solution Groups Historical View