comScore (SCOR) Q4 2024 earnings summary

Executive summary

• Full-year 2024 revenue was $356 million, down 4.1% year-over-year, with Q4 revenue at $94.9 million, nearly flat year-over-year.

• Adjusted EBITDA for 2024 was $42.4 million (11.9% margin), down 3.8% year-over-year; Q4 adjusted EBITDA was $17.2 million (18.1% margin), up 4.4% year-over-year.

• Net loss for 2024 was $60.2 million, improved from $79.4 million in 2023, mainly due to lower non-cash goodwill impairment charges.

• Cross-platform solutions, including Proximic and Comscore Campaign Ratings, grew 20% year-over-year, offsetting declines in legacy media.

• New multi-year contracts, leadership changes, and $60 million in new financing were implemented to support future growth.

Financial highlights

• Content & Ad Measurement revenue for 2024 declined 2.8% year-over-year, with cross-platform revenue up 19.7% and movies business revenue up 5% to $37.1 million.

• Research & Insight Solutions revenue fell 10.6% year-over-year, driven by lower custom digital product deliveries.

• Core operating expenses for 2024 decreased 1.9% year-over-year, supporting margin stability.

• Cash, cash equivalents, and restricted cash increased to $33.5 million at year-end.

• Q4 2024 net income was $3.1 million, compared to a net loss of $28.4 million in Q4 2023.

Outlook and guidance

• 2025 revenue expected between $360 million and $370 million, with Q1 projected to be flat year-over-year and growth resuming in later quarters.

• Adjusted EBITDA margin for 2025 anticipated between 12% and 15%, driven by higher-margin cross-platform solutions and ongoing cost containment.

• Cross-platform revenue projected to grow over 35% year-over-year in 2025.

• National TV and syndicated digital revenue expected to remain challenged; custom digital product demand remains unpredictable.

• Continued investment in growth areas and product innovation.