Comscore reports Q4 adjusted EBITDA $16.4M vs. $12M last year

Reports Q4 revenue for the fourth quarter was $95.1M compared to $98.2M in Q4 2022…Reports Net loss for the quarter was $28.4 M compared to net income of $0.1M in Q4 2022, resulting in net income margins of (29.9)% and 0.1% of revenue, respectively. Included in net loss for Q4 2023 was a non-cash impairment charge of $34.1M related to goodwill. After accounting for dividends on our convertible preferred stock, loss per share attributable to common shares was ($6.69), compared to loss per share of ( 80c) in Q4 2022.”As we reflect on 2023, there is a lot to be proud of. While we fell short of our top-line revenue goals for the year, we made substantial progress on changing the way we operate, which allowed us to achieve our adjusted EBITDA goals. I appreciate the hard work our employees have done to deliver for our stakeholders throughout the year,” said Jon Carpenter, CEO of Comscore. “As we begin 2024, I remain confident that we are moving the business in the right direction as we execute on our turnaround. We’re focused on providing fast and accurate cross-platform data that helps our clients buy, sell and optimize media more effectively. Our double-digit growth in local TV, coupled with accelerated growth of our Comscore Campaign Ratings product and our Proximic offerings – a combined 34% over 2022 – are clear signs that the value we’re able to offer to a rapidly changing advertising ecosystem is meeting a large and growing need. I look forward to what’s ahead and am committed to delivering for both our clients and our shareholders in 2024.”