TV and Cross-Platform Growth Drive Comscore's Good Q3

Audience measurement firm Comscore has reported a 2.5% increase in third quarter revenue to $102.9m, driven by 25% growth in TV and cross-platform measurement.

For the three months ended September 30th, revenue from Ratings and Planning rose 1.4% to $70.5m. For the Analytics and Optimization category, revenue was up 4.7% to $22.2m, while for Movies Reporting and Analytics, revenue climbed 5.2% to $10.2m.

For the group as a whole, gross profit was $43.6m, down from $52.2m, but GAAP net loss was $24.6m, compared to $130.1m in the year-ago quarter. The improvement was driven primarily by an $81.8m non-recurring legal settlement in the third quarter 2017. Non-GAAP adjusted EBITDA was $5.2m, compared to an adjusted EBITDA loss of $5.0m a year ago.

CEO Bryan Wiener (pictured) comments: 'We are pleased with our performance and progress on our strategic initiatives during the third quarter. We drove revenue growth and made significant progress in streamlining our cost structure, as evidenced by our third straight quarter of positive adjusted EBITDA. Fundamental changes in the media ecosystem require a modern measurement partner to help businesses transact media with confidence. We believe our strategic plan positions us to be that trusted partner for today and in the future'.

Web site: www.comscore.com .