comScore (SCOR) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was $85.7 million, down 1.3% year-over-year, with a net loss of $4.0 million compared to $1.1 million in Q1 2024 and adjusted EBITDA of $7.4 million, up 2.8% year-over-year.

• Achieved double-digit growth in cross-platform and local TV segments, with cross-platform revenue up 20.5% year-over-year, driven by key renewals and new business wins.

• Research & Insight Solutions revenue declined 11.5% year-over-year due to lower custom digital product deliveries and weaker demand.

• Maintained unique status as the only provider accredited for both national and local TV measurement by MRC, with additional accreditation for demos.

• Operational improvements led to faster client delivery and improved operating cash flow to $9.1 million from $6.9 million in Q1 2024.

Financial highlights

• Q1 2025 revenue was $85.7 million, down 1.3% year-over-year, with adjusted EBITDA of $7.4 million and margin of 8.6%.

• Net loss was $4.0 million (net loss margin 4.7%), compared to $1.1 million (1.2%) in Q1 2024.

• Cross-platform revenue grew 20.5% year-over-year to $9.7 million; Movies business revenue increased 2.6% to $9.4 million.

• Gross margin was 39.6% in Q1 2025, down from 42.3% in Q1 2024.

• Operating cash flow was $9.1 million, with cash and equivalents at $34.5 million as of March 31, 2025.

Outlook and guidance

• Full-year 2025 revenue expected at the low end of $360 million–$370 million guidance.

• Q2 2025 revenue anticipated to be flat sequentially and year-over-year.

• Adjusted EBITDA margin guidance for the full year maintained at 12%–15%.

• Revenue growth expected to accelerate in the second half of 2025, but outlook remains cautious due to ad spend volatility and macroeconomic uncertainty.