comScore (SCOR) Tops Q3 EPS by 3c, Revenues Miss

comScore (NASDAQ: SCOR) reported Q3 EPS of ($0.16), $0.03 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $88 million versus the consensus estimate of $91.17 million.

Third Quarter 2020 Financial Highlights

• Revenue of $88.0 million compared to $94.3 million in the third quarter of 2019
• Net loss of $11.1 million, or $(0.16) per share compared to a net loss of $10.6 million, or $(0.16) per share in the third quarter of 2019
• Adjusted EBITDA of $7.3 million compared to $6.4 million in the third quarter of 2019

"I am pleased with the progress Comscore made during the third quarter, despite market conditions that remained challenging. Our TV product grew revenue high single digit percentage year-over-year in the quarter, Addressable continued to expand, and we continued to generate higher levels of adjusted EBITDA compared to the prior year," said Bill Livek, CEO and Executive Vice Chairman of Comscore. "Thus far in 2020, we have recognized more than a $22 million positive swing in adjusted EBITDA due to financial discipline, and we remain well-positioned when the impact of the pandemic eases."

"As we look to 2021, Comscore is poised to win the future of media measurement with a host of new products centered around a new impressions-based currency with enhanced advertising capabilities. These and other solutions position Comscore to drive long-term value for our media industry partners and shareholders," Livek concluded.

For earnings history and earnings-related data on comScore (SCOR) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Bernstein SocGen Reiterates Outperform Rating on Fervo Energy (FRVO)
• Bristow Group to acquire Berry Aviation for $105 million