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Comscore beats Q2 revenue estimates

Overview

Comscore Q2 revenue rises 4.1% yr/yr, beating analyst expectations

Adjusted EBITDA for Q2 beats estimates, up 25% yr/yr

Net loss of $9.5 mln due to FX fluctuations, taxes, and interest

Outlook

Comscore maintains full-year revenue and adjusted EBITDA guidance

Company expects Q3 revenue to be flat year-over-year

Comscore sees growth in local TV and cross-platform offerings

Company anticipates declines in syndicated digital products

Result Drivers

CROSS-PLATFORM GROWTH - 60% increase in cross-platform revenue driven by Proximic and content measurement offering

LOCAL TV EXPANSION - Double-digit growth in local TV revenue due to key renewals and new business

REVENUE DECLINE - Lower revenue from national TV and syndicated digital products

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$89.39 mln$85.90 mln (2 Analysts)
Q2 EPS-$2.73
Q2 Net Income-$9.49 mln
Q2 Adjusted EBITDABeat$8.90 mln$8.75 mln (2 Analysts)
Q2 Income from Operations-$1.68 mln
Q2 Pretax Profit-$7.04 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the advertising & marketing peer group is "buy." Wall Street's median 12-month price target for Comscore Inc is $5.50, about 5.5% above its August 4 closing price of $5.20 The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago Press Release: ID:nGNX7W7sTC (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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