Modest Growth for comScore

Audience measurement firm comScore has reported revenue up 2.0% in the quarter ending 30th June 2018, to $101.4m. GAAP net loss rose to $56.0m from $38.6m a year earlier, but adjusted EBITDA was $1.3m (profit), replacing a loss of $3.7m in Q2 2017.

An 8% dip in revenue for the digital audience product offering, to $49.9m was more than cancelled out by a 16% rise in revenue from TV and cross-platform revenue, to $29.5m, although just under half of this rise came from a change in an accounting estimate. Advertising product revenue was up 12% to $11.7m, and movies revenue increased 13% to $10.4m.

The results are overall less positive than those for the first quarter, when revenue climbed 5% to $105.9m - with the exception of advertising products which improved on a 6% rise in Q1. Nevertheless CEO Bryan Wiener (pictured) says the company's 'turnaround is moving with velocity'. He comments: 'We have continued to push forward on our mission to build momentum in the market through a focused vision, accelerated product development, and a demonstrably streamlined and simplified operating model, which was reflected in our ability to post positive adjusted EBITDA for the second straight quarter'.

Shares continue to trade close to a 5-year low, just above $19 and down by a third since August 2017.

Web site: www.comscore.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.