NEWS11 May 2022

Comscore increases Q1 revenues

Financials News North America

US – Media evaluation firm Comscore had revenues of $94m for the first quarter of 2022, up 4% from the same period the year before, according to its latest financial results.

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In its results for the three months to 31st March 2022, Comscore said it has reduced its losses from a net loss of $36.4m in the first quarter of 2021 to $9.3m for the same period this year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) were $6.8m for the first quarter of 2022, up 22% from the same period in 2021.

Television measurement grew double digits year-on-year, and the company said activations were up 20%.

Bill Livek, chief executive and executive vice-chairman at Comscore, said: “This was another solid quarter of year-over-year growth for Comscore. I am proud of the progress we are making across all our lines of business.

“Throughout the quarter we continued to sign new clients and renewed long-standing currency relationships with industry-leading companies.

“There continues to be a tremendous opportunity for Comscore as it positions itself as the leading cross-platform currency, which we expect will continue to drive revenue growth throughout 2022.” 

@RESEARCH LIVE

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