Comscore beats Q2 revenue estimates

Overview

• Comscore Q2 revenue rises 4.1% yr/yr, beating analyst expectations

• Adjusted EBITDA for Q2 beats estimates, up 25% yr/yr

• Net loss of $9.5 mln due to FX fluctuations, taxes, and interest

Outlook

• Comscore maintains full-year revenue and adjusted EBITDA guidance

• Company expects Q3 revenue to be flat year-over-year

• Comscore sees growth in local TV and cross-platform offerings

• Company anticipates declines in syndicated digital products

Result Drivers

• CROSS-PLATFORM GROWTH - 60% increase in cross-platform revenue driven by Proximic and content measurement offering

• LOCAL TV EXPANSION - Double-digit growth in local TV revenue due to key renewals and new business

• REVENUE DECLINE - Lower revenue from national TV and syndicated digital products

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the advertising & marketing peer group is "buy."

• Wall Street's median 12-month price target for Comscore Inc is $5.50, about 5.5% above its August 4 closing price of $5.20

• The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 1 three months ago

Press Release: ID:nGNX7W7sTC