comScore (SCOR) Q4 2025 earnings summary

Executive summary

• Full-year 2025 revenue reached $357.5 million, up 0.4% year-over-year, with adjusted EBITDA of $42 million, up 2.6% from 2024.

• Cross-platform solutions revenue grew 24% year-over-year, with double-digit growth in local TV and major walled gardens.

• Completed a major recapitalization, eliminating $18 million in annual dividends, a $47 million special dividend obligation, and converting $80 million in preferred shares to common shares.

• Net loss for 2025 narrowed to $10 million from $60.2 million in 2024, primarily due to the absence of a prior-year goodwill impairment.

• Q4 2025 revenue was $93.5 million, down 1.5% year-over-year; Q4 adjusted EBITDA was $14.7 million, up 3.3%, with a margin of 15.7%.

Financial highlights

• Content & Ad Measurement revenue reached $304.3 million, up 1% from 2024; cross-platform revenue was $50.3 million, up 24.4%.

• Local TV and movies segments posted double-digit and 3.4% growth, respectively.

• Syndicated Audience revenue declined 2.6% to $253.9 million, mainly due to national TV and digital declines.

• Research and Insight Solutions revenue fell 3.1% to $53.2 million, mainly from lower custom digital product deliveries.

• Cash, cash equivalents, and restricted cash totaled $26.8 million at year-end 2025.

Outlook and guidance

• Double-digit growth expected in cross-platform offerings for 2026, offsetting anticipated declines in national TV and syndicated digital.

• Q1 2026 revenue projected to be roughly flat year-over-year.

• Full-year 2026 revenue and adjusted EBITDA expected to follow similar trends as 2025, with updated guidance to be provided on the next call.

• Continued investments planned in cross-platform, AI, and operational streamlining.

• Additional strategic actions under evaluation to streamline capital structure and drive shareholder value.