comScore, Inc. Reports First Quarter 2014 Results
Strong Revenue Growth and Key Partnerships Reflect Continued Business Momentum
RESTON, VA - April 29, 2014 - comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today announced financial results for the first quarter 2014.
First Quarter 2014
comScore achieved record quarterly revenue of $76.9 million; GAAP loss before income taxes of $0.7 million; and GAAP net loss of $0.8 million, or $(0.02) per basic and diluted share.
First quarter 2014 metrics compared to pro forma* results for the first quarter 2013 were as follows:
- First quarter revenue of $76.9 million, up 14% from a year ago.
- First quarter Adjusted EBITDA of $15.4 million, up 22% from a year ago.
- First quarter Adjusted EBITDA margin was 20% of revenue, up from 19% from a year ago.
* comScore divested its Non-Health Copy Testing and Configuration Manager products in March 2013. All amounts, including implied prior year Pro Forma amounts, reflect adjustments to exclude the Non-Health Copy Testing and Configuration Manager products for the purposes of consistent presentation and are based on management’s estimates of the revenue and results of operations of such products. See Reconciliation of Revenue and Income before Income Taxes to Non-GAAP Revenue, non-GAAP Income and Adjusted EBITDA set forth in the attachment to this press release.
Serge Matta, comScore’s chief executive officer, said, “I am proud of the strong growth we drove in revenue and adjusted EBITDA. Our strategic priorities continue to gain momentum, as demonstrated by our recently announced long-term partnership with Yahoo to provide TV comparable metrics on digital, video and mobile analytics to their global advertiser base. Our product teams are hard at work, with the Google vCE development and integration, and the syndication of our Total Video measurement solution, all expected to be on-time before the end of the year. We remain focused on driving the business forward with sharp execution and a strong value proposition for our clients, partners and shareholders in 2014 and beyond."
To access the full press release, please click here:
First Quarter 2014 Earnings Report.pdf
Chief Financial Officer
Tags: comScore Financial News