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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$89.39 mln
$85.90 mln (2 Analysts)
Q2 EPS
-$2.73
Q2 Net Income
-$9.49 mln
Q2 Adjusted EBITDA
Beat
$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.)