Earnings release
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NOV 3, 2026 Comscore Reports Third Quarter 2026 Results Executing Against Transformational ROI Strategy for Long-Term Value Creation Reaffirming Full Year 2026 Outlook RESTON, Va., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating m platforms, today reported financial results for the quarter ended September 30, 2026. "During the third quarter, we announced our transformational ROI strategy, which was designed to realign our business and cost structure, o operations, and invest in higher-potential growth areas. Our team executed against this new operating model with a strong sense of urgency, allo achieve significant cost savings in the quarter," said Matt McLaughlin, Chief Executive Officer of Comscore. "We are taking aggressive actions to rat operational footprint and are focused on serving customers in our core business, as well as identifying and capitalizing on long-term growth oppo the evolving media landscape. I'm proud of the difficult work our team has done to execute against our plan and remain confident that we will exit th positioned to transform the business in 2027 and begin investing for long-term growth." Business and Financial Highlights Revenue for the third quarter was $76.2 million compared to $88.9 million in Q3 2025 ($79.4 million in Q3 2025 on a pro forma basis, excluding$9.5 million from the recently divested Movies business) Net loss of $65.5 million compared to net income of $0.5 million in Q3 2025, primarily due to a non-cash goodwill impairment charge of $57.3restructuring costs of $5.5 million in Q3 2026 Adjusted EBITDA of $5.8 million compared to $11.0 million in Q3 2025 Reaffirming full year 2026 outlook, with revenue range between $315 million and $325 million Third Quarter Summary Results Revenue in the third quarter was $76.2 million, down 14.3% from $88.9 million in the third quarter of 2025, and down 4.1% from $79.4 million on a pro f excluding revenue from the Movies business divested in May 2026. Content & Ad Measurement revenue decreased 14.4% (2.1% decrease on a pro fo compared to the prior-year quarter due to lower Syndicated Audience revenue, primarily related to the divestiture of the Movies business, as w performance in syndicated digital products. Cross-Platform revenue was flat compared to the prior-year period, with lower usage in Proximic off business in CCM. Research & Insight Solutions revenue decreased 13.9% from the prior-year period, primarily due to lower renewals and lower d certain custom digital products. Core operating expenses, which include cost of revenues, sales and marketing, research and development and general and administrative expe $79.6 million for the quarter, down 8.0% compared to $86.6 million in the third quarter of last year, primarily due to lower employee compensation, and facilities expense. Due in part to a decline in the Company's stock price and market capitalization and the implementation of the realignment plan in the th management performed an interim review of the Company's goodwill, which resulted in a non-cash goodwill impairment charge of $57.3 million three months ended September 30, 2026. This charge does not directly impact the Company's liquidity, cash flows, or future operations. Primarily due to the goodwill impairment charge and restructuring costs, net loss for the quarter was $65.5 million compared to net income of $0.5 m prior-year period, resulting in net (loss) income margins of (86.0)% and 0.5% of revenue, respectively. Loss per share attributable to common $(4.26) for the third quarter of 2026. After accounting for dividends on the Company's then-outstanding Series B convertible preferred stock, los attributable to common shares was $(0.86) for the third quarter of 2025. Non-GAAP adjusted EBITDA for the quarter was $5.8 million, compared to $11.0 million in the prior-year period, resulting in adjusted EBITDA margins 12.4%, respectively. Adjusted EBITDA and adjusted EBITDA margin exclude depreciation and amortization, net interest expense, income taxes, i charges, stock-based compensation expense, transformation costs, restructuring costs, strategic transaction costs, gain/loss from foreig transactions, loss on extinguishment of debt, gain/loss on divestiture of business, and other items as presented in the accompanying tables. Balance Sheet and Liquidity As of September 30, 2026, cash, cash equivalents and restricted cash totaled $19.5 million, including $0.2 million in restricted cash. Net cash used third quarter of 2026 included payments related to the Company's restructuring plan of $3.0 million and payments for strategic transaction costs of primarily related to the divestiture of the Movies business. As of September 30, 2026, the Company's only debt obligations consisted of outstanding principal on finance leases related to equipment purc Company repaid all outstanding obligations under its senior secured credit facility in May 2026. 2026 Outlook News Release 1
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Mary Margaret Curry, Comscore's Chief Financial Officer, concluded, "We are in the early innings of executing our ROI strategy, which is rooted in foundation for long-term value creation, and we are already seeing signs of progress. Our outlook for the full year 2026 is unchanged, with revenue e be between $315 million and $325 million and an adjusted EBITDA margin in the low-to-mid single digits. We remain focused on our transformation ef close out the year, and we are on track to generate the $20 to $25 million in annual run-rate cost savings we expected from our realignment plan. use a portion of these savings to execute our ROI strategy and invest in long-term growth opportunities as we move into 2027." The Company does not provide GAAP net income (loss) or net income (loss) margin on a forward-looking basis because it is unable to predict with certainty its future stock-based compensation expense, fair value adjustments, litigation and restructuring expense, strategic transaction co currency transaction impact, and any unusual gains or losses without unreasonable effort. These items are uncertain, depend on various factors, an material to results computed in accordance with GAAP. For this reason, the Company is unable without unreasonable effort to provide a reco adjusted EBITDA or adjusted EBITDA margin to the most directly comparable GAAP measure, GAAP net income (loss) and net income (loss) m forward-looking basis. Conference Call Information for Today, Tuesday, November 3, 2026 at 5:00 p.m. ET Management will host a conference call to discuss the results on Tuesday, November 3, 2026 at 5:00 p.m. ET. The live audio webcast along with su information will be accessible at . Participants can obtain dial-in information by registering for the call at the same web address and are advised to advance of the call to avoid delays. Following the conference call, a replay will be available via webcast at . About Comscore Comscore is a trusted global partner for planning, activating and evaluating media across platforms. Its unmatched data footprint brings together TV (CTV), digital, national and local linear TV intelligence with advanced audience insights to help media buyers and sellers understand how audienc across screens and make business decisions with confidence. Comscore is a preeminent provider of independent, comprehensive cros measurement and decisioning solutions designed to improve outcomes at scale. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal and state securities laws, including, without limitation, the expectations, forecasts, plans and opinions regarding future value creation; the timing, scope and impact of the Company's realignment plan and operating model; the amount and potential use of expected cost savings from the realignment plan; planned operational improvements; fut opportunities and investments; and full year 2026 revenue and adjusted EBITDA performance. These statements involve risks and uncertainties cause actual events to differ materially from expectations, including, but not limited to, impediments to the Company's ability to execute the realig as currently contemplated; higher-than-expected costs to implement the plan; changes to the assumptions upon which the estimated charges a are based; unintended consequences from the plan that could negatively impact the Company's business or strategy; cash flow and liquidity related to plan implementation and the loss of non-strategic revenue; changes in the Company's business, customer or vendor relationships, includi restrictions on data collection and matching; litigation and regulatory costs; external market conditions; and the Company's ability to achieve it strategic, financial and operational plans. For additional discussion of risk factors, please refer to the Company's Annual Reports on Form 10-K Reports on Form 10-Q, and other filings that the Company makes from time to time with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website (). Investors are cautioned not to place undue reliance on the Company's forward-looking statements, which speak only as of the date such statement Except as required by law, the Company does not intend or undertake, and expressly disclaims any duty or obligation, to publicly update any forw statements to reflect events, circumstances or new information after the date of this press release or to reflect the occurrence of unanticipated eve Use of Non-GAAP Financial Measures To provide investors with additional information regarding the Company's financial results, the Company is disclosing in this press release adjusted adjusted EBITDA margin, which are non-GAAP financial measures used by management to understand and evaluate the Company's core performance and trends. Management believes that these non-GAAP financial measures provide useful information to investors and others in und and evaluating the Company's operating results, as they permit investors to view core business performance using the same metrics that manage to evaluate performance. Nevertheless, the Company's use of these non-GAAP financial measures has limitations as an analytical tool, and investors consider these measures in isolation or as a substitute for analysis of the Company's results as reported under GAAP. Instead, investors should con measures alongside GAAP-based financial performance measures, net income (loss), net income (loss) margin, various cash flow metrics, and the other GAAP financial results. Set forth below are reconciliations of these non-GAAP financial measures to their most directly comparable GAA measures, net income (loss) and net income (loss) margin. These reconciliations should be carefully evaluated. MediaMarie ScoutasComscore, Inc.(917) 213-2032 InvestorsJackie Marcus or Nick NelsonAlpha IR Group(617) 466-9257
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COMSCORE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS As of A September 30, 2026 Decemb(In thousands, except share and per share data) (Unaudited) Assets Current assets: Cash and cash equivalents $ 19,280 $Restricted cash 197 Accounts receivable, net of allowances of $518 and $496, respectively 39,432 Prepaid expenses and other current assets 16,065 Total current assets 74,974 Property and equipment, net 38,616 Operating right-of-use assets 4,062 Deferred tax assets 2,628 Intangible assets, net 632 Goodwill 127,870 Other non-current assets 6,231 Total assets $ 255,013 $ Liabilities, Convertible Redeemable Preferred Stock and Stockholders' Equity Current liabilities: Accounts payable $ 22,482 $Accrued expenses 42,059 Contract liabilities 31,438 Customer advances 4,499 Current operating lease liabilities 6,234 Other current liabilities 5,066 Total current liabilities 111,778 Secured term loan — Non-current operating lease liabilities 803 Non-current portion of accrued data costs 19,553 Deferred tax liabilities — Non-current payable to preferred stockholders 4,920 Other non-current liabilities 3,955 Total liabilities 141,009 Commitments and contingencies Series C convertible redeemable preferred stock, $0.001 par value; 12,670,863 shares authorized, issued andoutstanding as of September 30, 2026 and December 31, 2025; aggregate liquidation preference of $183,728 as ofSeptember 30, 2026 and December 31, 2025 89,654 Stockholders' equity: Preferred stock, $0.001 par value; 1,329,137 shares authorized as of September 30, 2026 and December 31, 2025;no shares issued or outstanding as of September 30, 2026 or December 31, 2025 — Common stock, $0.001 par value; 46,000,000 shares authorized as of September 30, 2026 and December 31,2025; 15,586,003 shares issued and 15,247,764 shares outstanding as of September 30, 2026, and 15,214,378 sharesissued and 14,876,139 shares outstanding as of December 31, 2025 15 Additional paid-in capital 1,784,117 Accumulated other comprehensive loss (13,275) Accumulated deficit (1,516,523) Treasury stock, at cost, 338,239 shares as of September 30, 2026 and December 31, 2025 (229,984) Total stockholders' equity 24,350 Total liabilities, convertible redeemable preferred stock and stockholders' equity $ 255,013 $ COMSCORE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Unaudited)
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Three Months Ended September 30, Nine Months Ended Septem(In thousands, except share and per share data) 2026 2025 2026 2Revenues $ 76,158 $ 88,906 $ 240,726 $ Cost of revenues 47,324 52,783 151,294 Selling and marketing 11,262 14,551 41,696 Research and development 6,456 7,184 21,396 General and administrative 14,566 12,050 42,344 Amortization of intangible assets 633 633 1,897 Impairment of goodwill 57,300 — 57,300 Restructuring 5,496 — 5,496 (Gain) loss on divestiture of business, net (116) — 2,566 Total expenses from operations 142,921 87,201 323,989 (Loss) income from operations (66,763) 1,705 (83,263) Other income, net 1,256 — 1,673 Interest expense, net (171) (1,699) (2,942) (Loss) gain from foreign currency transactions (266) 136 1,494 Loss on extinguishment of debt — — (3,970) (Loss) income before income taxes (65,944) 142 (87,008) Income tax benefit (provision) 449 311 480 Net (loss) income $ (65,495) $ 453 $ (86,528) $ Net loss available to common stockholders: Net (loss) income $ (65,495) $ 453 $ (86,528) $Convertible redeemable preferred stock dividends — (4,971) — Total net loss available to common stockholders $ (65,495) $ (4,518) $ (86,528) $ Net loss per common share: Basic and diluted $ (4.26) $ (0.86) $ (5.67) $Weighted-average number of shares used in per share calculation -Common Stock: Basic and diluted 15,387,694 5,252,039 15,257,019 Comprehensive (loss) income: Net (loss) income $ (65,495) $ 453 $ (86,528) $Other comprehensive (loss) income: Foreign currency cumulative translation adjustment (479) (325) (2,968) Total comprehensive (loss) income $ (65,974) $ 128 $ (89,496) $ Excludes amortization of intangible assets, which is presented as a separate line item.Stock-based compensation expense is included in the line items above as follows: Three Months Ended September 30, Nine Months Ended Septem 2026 2025 2026 2Cost of revenues $ 75 $ 54 $ 145 $Selling and marketing 9 17 140 Research and development 47 31 83 General and administrative 842 275 1,341 Total stock-based compensation expense $ 973 $ 377 $ 1,709 $ COMSCORE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2)
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Nine Months Ended Septem(In thousands) 2026 2Operating activities: Net loss $ (86,528) $Adjustments to reconcile net loss to net cash provided by operating activities: Impairment of goodwill 57,300 Depreciation 17,239 Non-cash loss on extinguishment of debt 3,477 Non-cash operating lease expense 3,268 Amortization expense of finance leases 2,744 Amortization of intangible assets 1,897 Stock-based compensation expense 1,709 Gain on divestiture of business (1,294) Deferred tax (benefit) provision (1,865) Unrealized foreign currency (gain) loss (2,158) Other 1,639 Changes in operating assets and liabilities: Accounts receivable 16,481 Prepaid expenses and other assets (1,559) Accounts payable, accrued expenses and other liabilities 5,487 Contract liabilities and customer advances (5,567) Operating lease liabilities (6,577) Net cash provided by operating activities 5,693 Investing activities: Proceeds from divestiture of business, net of cash transferred 55,740 Purchases of property and equipment (756) Capitalized internal-use software costs (16,689) Net cash provided by (used in) investing activities 38,295 Financing activities: Principal payments of term loan (44,550) Principal payments on finance leases (3,001) Principal payments on insurance financing (1,957) Payment of preferred stock and common stock issuance costs (1,219) Contingent consideration payment at initial value — Payment of financing and debt issuance costs — Other (503) Net cash used in financing activities (51,230) Effect of exchange rate changes on cash, cash equivalents and restricted cash (81) Net decrease in cash, cash equivalents and restricted cash (7,323) Cash, cash equivalents and restricted cash at beginning of period 26,800 Cash, cash equivalents and restricted cash at end of period $ 19,477 $ As of September 30, 2026 2025Cash and cash equivalents $ 19,280 $ 26,705 Restricted cash 197 3,178 Total cash, cash equivalents and restricted cash $ 19,477 $ 29,883 Reconciliation of Non-GAAP Financial Measures The following table presents a reconciliation of GAAP net (loss) income and net (loss) income margin to non-GAAP adjusted EBITDA and adjus margin for each of the periods identified:
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Three Months Ended September 30, Nine Months Ended Septemb(In thousands) 2026 (Unaudited) 2025 (Unaudited) 2026 (Unaudited) 2025 (UGAAP net (loss) income $ (65,495) $ 453 $ (86,528) $ Depreciation 5,490 5,976 17,239 Amortization expense of finance leases 906 937 2,744 Amortization of intangible assets 633 633 1,897 Interest expense, net 171 1,699 2,942 Income tax (benefit) provision (449) (311) (480) EBITDA (58,744) 9,387 (62,186) Adjustments: Impairment of goodwill 57,300 — 57,300 Restructuring 5,496 — 5,496 Stock-based compensation expense 973 377 1,709 Strategic transaction costs 588 538 2,909 Loss (gain) from foreign currency transactions 266 (136) (1,494) Transformation costs 31 507 1,203 Amortization of cloud-computing implementation costs 25 362 735 Loss on extinguishment of debt — — 3,970 (Gain) loss on divestiture of business, net (116) — 2,566 Non-GAAP adjusted EBITDA $ 5,819 $ 11,035 $ 12,208 $ Net (loss) income margin (86.0) % 0.5% (35.9) % Non-GAAP adjusted EBITDA margin 7.6% 12.4% 5.1% Strategic transaction costs represent third-party professional fees and other charges incurred in connection with strategic transactions, includin acquisitions, financings and dispositions, regardless of whether consummated, which the Company otherwise would not have incurred as part o business operations. Transformation costs represent (1) expenses incurred prior to formal launch of identified strategic projects with anticipated long-term ben Company, generally relating to third-party professional fees and non-capitalizable technology costs tied directly to the identified projects and (2) costs associated with the reorganization of teams in connection with the identified projects. Net (loss) income margin is calculated by dividing net (loss) income by revenues reported on the Condensed Consolidated Statements of Ope Comprehensive (Loss) Income for the applicable period. Non-GAAP adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenues reported on the Condensed Consolidated Sta Operations and Comprehensive (Loss) Income for the applicable period. Revenues Revenues from the Company's offerings of products and services are as follows: Three Months Ended September 30, (In thousands) 2026 (Unaudited) % of Revenue 2025 (Unaudited) % of Revenue $ Variance % VContent & Ad Measurement Syndicated Audience $ 52,442 68.9% $ 63,220 71.1% $ (10,778) Cross-Platform 12,186 16.0% 12,299 13.8% (113) Total Content & Ad Measurement 64,628 84.9% 75,519 84.9% (10,891) Research & Insight Solutions 11,530 15.1% 13,387 15.1% (1,857) Total revenues $ 76,158 100.0% $ 88,906 100.0% $ (12,748) Syndicated Audience revenue includes revenue from the Movies business of $9.5 million in the third quarter of 2025. No Movies revenue was inclthird quarter of 2026 due to the divestiture of the Movies business on May 27, 2026. Nine Months Ended September 30, (In thousands) 2026 (Unaudited) % of Revenue 2025 (Unaudited) % of Revenue $ Variance % VaContent & Ad Measurement Syndicated Audience $ 168,202 69.9% $ 190,677 72.2% $ (22,475) Cross-Platform 37,316 15.5% 34,761 13.2% 2,555 Total Content & Ad Measurement 205,518 85.4% 225,438 85.4% (19,920) Research & Insight Solutions 35,208 14.6% 38,566 14.6% (3,358) Total revenues $ 240,726 100.0% $ 264,004 100.0% $ (23,278) Syndicated Audience revenue includes revenue from the Movies business, which decreased from $28.5 million in the nine months ended Sep2025 to $16.2 million in the nine months ended September 30, 2026 due to the divestiture of the Movies business on May 27, 2026. Adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures defined in the "Third Quarter Summary Results" section and are reconc income (loss) and net income (loss) margin in the addendum of this release. (1) (2) (3) (4) (1) (2) (3) (4) (1) (1) (1) (1) 1
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Source: Comscore, Inc.