Comscore, Inc. · NASDAQ:SCOR
Comscore — Q4 2018 Earnings Presentation
17 slides from Comscore's earnings presentation, Feb 28, 2019
Slide 1: Q4 & Financial Year 2018 Earnings Slides
Q4 & Financial Year 2018 Earnings Slides FEBRUARY 28, 2019
Slide 2: Cautionary Note
Cautionary Note • This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal and state securities laws. Forward-looking statements are those which are not historical facts and include, without limitation, comment
Slide 3: Key Q4 Highlights
Key Q4 Highlights TV & Cross-Platform revenue Syndicated Digital decline slowed for Q4 increased 30%+ Year- to 1% sequentially over-Year Expanded currency deals with Continued control of operating major Local TV station groups expenses, allowing for reallocated signed in Q4 investment to strategic i
Slide 4: Key Areas of Planned Investment in 2019
Key Areas of Planned Investment in 2019 Technology Transformation Accelerated Product Roadmap Reimagined Go-to-Market to Accelerate Innovation to Support Retention & Growth Approach & New Leadership • From many platforms to a single • TV & Cross-Platform innovation, with • Strategic focus on buy-sid
Slide 5: Key Industry Drivers Inform Our Business Strategy for 2019
3 Key Industry Drivers Inform Our Business Strategy for 2019 ADVANCED TV DIGITAL MEDIA MARKETING MOMENTUM DISRUPTION ACCOUNTABILITY Our strategy is to be the trusted currency for planning, transacting & evaluating media across platforms. 5
Slide 6: The Industry is Moving Toward an Advanced TV Environment
The Industry is Moving Toward an Advanced TV Environment, Generating Demand for a Modern Currency Alternative PROGRAM LINEAR AUDIENCE LINEAR ADVANCED TV Households viewing the same show HHs viewing same show are served HHs viewing same show are served are served the same ad with the same ad with tra
Slide 7: Comscore Gained Momentum Among Major Station Groups in Q4
Comscore Gained Momentum Among Major Station Groups in Q4 Expanded groupwide deal; Expanded groupwide deal; Expanded groupwide deal Expanded groupwide deal, sole currency sole currency includes in most markets in most markets Telemundo-Owned EXPANDED DEALS SIGNED IN Q418 7
Slide 8: NBCUniversal Uses Comscore Data to Power Its First-Ever Outcomes-Based Campaign
NBCUniversal Uses Comscore Data to Power Its First-Ever Outcomes-Based Campaign 8
Slide 9: Syndicated Digital Solutions are Evolving to Strengthen Position
Syndicated Digital Solutions are Evolving to Strengthen Position as a Growth Ally for Premium Publishers & Advertisers Holistic measurement across New features & partnerships Customer-centric pricing & distributed platforms to increase relevance product strategy Continued expansion of distributed St
Slide 10: Key Operating Results – Fourth Quarter 2018
Key Operating Results – Fourth Quarter 2018 Three Months Ended December 31 2018 2017 Quarter-over- Key Drivers (unaudited) (unaudited) Quarter Growth % Revenues $109.3M $102.9M 6.2% • Strong TV & Cross-Platform growth Revenue – Ratings & $74.8M $71.6M 4.4% • Increased demand for custom Planning mark
Slide 11: Key Operating Results – Full Year 2018
Key Operating Results – Full Year 2018 Years Ended December 31 2018 2017 Year-over-Year (unaudited) (unaudited) Growth % Revenues $419.5M $403.5M 3.9% Revenue – Ratings & Planning $285.4M $278.1M 7.9% Revenue – Analytics & Optimization $92.4M $86.8M 6.5% Revenue – Movies Reporting & $41.7M $38.7M 7.
Slide 12: 2019 Financial Forecast
2019 Financial Forecast Reaffirming guidance from Investor Day in November 2018 • Mid-single digit revenue growth Revenue • Excludes $2 million one-time revenue increase in Q4 2018 Gross Margin • Slight improvement over 2018 Non-GAAP Operating • Flat relative to 2018 Expense* • Improve throughout th
Slide 13: Appendix: Non-GAAP Financial Measures
Appendix: Non-GAAP Financial Measures
Slide 14: Key Operating Results – Fourth Quarter 2018
Key Operating Results – Fourth Quarter 2018 Three Months Ended December 31 2018 2017 (unaudited) (unaudited) Net loss (GAAP) ($27.2M) ($71.9M) Income tax benefit ($0.2M) ($6.9M) Interest expense, net $4.8M $0.1M Depreciation $4.3M $5.1M Amortization of intangible assets $8.2M $9.2M EBITDA ($10.2M) (
Slide 15: Key Operating Results – Full Year 2018
Key Operating Results – Full Year 2018 Years Ended December 31 2018 2017 (unaudited) (unaudited) Net loss (GAAP) ($159.3M) ($281.4M) Income tax provision (benefit) $3.7M ($2.7M) Interest expense, net $16.5M $0.7M Depreciation $17.3M $23.3M Amortization of intangible assets $32.9M $34.8M EBITDA ($89.
Slide 16: Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin • EBITDA is defined as GAAP net income (loss) plus or minus interest, taxes, depreciation and amortization of intangible assets. We define adjusted EBITDA as EBITDA plus or minus stock-based compensation expense as well as other items and amounts that we vi
Slide 17: Non-GAAP Operating Expense
Non-GAAP Operating Expense • We define non-GAAP operating expense as cost of revenues, selling and marketing, research and development, and general and administrative expense (each as reported on a GAAP basis) plus or minus stock-based compensation expense. • We do not provide GAAP cost of revenues,