Comscore Reports Fourth Quarter and Full Year 2024 Results

Financial Highlights - For Q4 2024, revenue was $94.9 million, a slight decrease of 0.2$95.1 million in Q4 2023 [4] - Full-year revenue for 2024 was $356.0 million, down 4.1$371.3 million in 2023 [8][10] - Content & Ad Measurement revenue declined 2.8% compared to 2023, while cross-platform revenue grew 19.7% over the same period [10][47] Profitability Metrics - Net income for Q4 2024 was $3.1 million, a significant improvement from a net loss of$28.4 million in Q4 2023 [7] - Full-year net loss for 2024 was $60.2 million, compared to a net loss of$79.4 million in 2023 [12] - Adjusted EBITDA for Q4 2024 was $17.2 million, compared to$16.4 million in Q4 2023, resulting in adjusted EBITDA margins of 18.1% [9][40] Operating Expenses - Core operating expenses for Q4 2024 were $90.3 million, up 7.6$83.9 million in Q4 2023, primarily due to higher employee compensation and data licensing costs [6] - Full-year core operating expenses were $347.1 million, down 1.9$353.8 million in 2023, driven by a decline in employee compensation and lower cloud computing costs [11] Balance Sheet and Liquidity - As of December 31, 2024, cash, cash equivalents, and restricted cash totaled $33.5 million, an increase from$22.9 million as of December 31, 2023 [14] - The company entered into a senior secured financing agreement providing a borrowing capacity of $60.0 million to strengthen its cash position [15] 2025 Outlook - The company expects 2025 revenue to be between$360 million and $370 million, driven by growth in Content & Ad Measurement revenue and cross-platform products [18] - Adjusted EBITDA margin for 2025 is anticipated to be between 12% and 15% [18]