NEWS3 May 2013

ComScore’s revenues up 11% year on year

Financials North America

US — Digital measurement and analytics company comScore has reported “record” quarterly growth for Q1 2013 with revenues up 11% on a year ago.

The company saw revenues of $68.8m in the first quarter of the year with GAAP income before income taxes of $0.2m.

Non-GAAP net income was up $0.5m from a year ago at $8m while adjusted EBITDA was $12.6m, up from $11.3m in Q1 2012. However, comScore saw a GAAP net loss of $2m.

New customers revenue saw a 48.1% rise with 62 new customers contributing $8m in revenues.

The results come as the company announced a contract win with Proctor & Gamble (P&G) to provide the consumer goods manufacturer with its validated Campaign Essentials platform (vCE), for measurement of P&G’s digital display and video campaigns.

ComScore’s president and CEO Magid Abraham said: “We began 2013 on a strong note as we continued to build our leadership position as a real-time digital business analytics company.

“We are particularly please that we entered into a strategic partnership with P&G. This is an important win and is a validation of vCE’s product quality and marketplace momentum as the leading campaign measurement solution.”