NEWS29 October 2013

ComScore posts 11% growth in third-quarter revenue

Financials North America

US — ComScore’s third-quarter revenue grew 11% to $71.6m, while net losses shrank from $3.1m a year ago to just $82,000, the company said today.

On a pro forma basis, which excludes the company’s non-health copy testing and Configuration Manager products, subscription revenue was up 19.3% to $62.5m, while project revenue declined 12.5% to $9.1m.

New customer revenue for the period was $7.1m, up 16.4%, which is a slightly faster rate of growth than existing customer revenue, which increased 13.8% to $64.5m.

CEO Magid Abraham (pictured) said: “comScore’s strong third quarter results reflect increasing momentum across our business as we continue to lead the way in digital measurement and analytics.

“Our Media Metrix MP service, which delivers multi-platform audience measurement, continued its successful customer adoption with 43 additional customers subscribing to the service in the quarter. In addition, recent announcements such as VivaKi’s selection of our validated Campaign Essentials (vCE) across all of Publicis Group for its Audience on Demand, real time bidding platform, speak to vCE’s growing market position in campaign measurement and the value our suite of advertising analytics delivers for optimising advertising buys.”