Comscore makes Q3 loss

In its financial results for the three months to 30th September, Comscore had revenue of $88m, down from $94.3m for the third quarter of 2019. Its net loss of $11.1m was $500,000 greater than in the same period of 2019.

Ratings and planning revenue from television was at $62.7m compared with $65.3m in 2019, with Comscore stating the decrease was due to lower revenue from syndicated digital content, but was partially offset by higher television revenue. National television revenue increased, but local television income remained flat, Comscore said.

The firm’s analytics and optimisation revenue was at $17.4m compared with $18.3m in the third quarter of 2019.

Movies reporting and analytics brought in $7.2m in the third quarter of 2020 compared with $10.7m for the same period in 2019. Comscore said that ongoing cinema closures due to Covid-19 were behind the fall in revenue.

Comscore held $51.8m in cash, cash equivalents and restricted cash at the end of September 2020.

Bill Livek, chief executive and executive vice-chairman of Comscore, said: “I am pleased with the progress Comscore made during the third quarter, despite market conditions that remained challenging.”