Comscore Q3 revenue falls after Movies business sale
Overview
Media measurement firm's Q3 revenue fell yr/yr, reflecting Movies business divestiture
Adjusted EBITDA for Q3 declined from prior year
Company posted net loss on goodwill impairment and restructuring costs
Outlook
Comscore reaffirms 2026 revenue outlook of $315 mln to $325 mln
Company expects 2026 adjusted EBITDA margin in the low-to-mid single digits
Comscore targets $20 mln to $25 mln in annual run-rate cost savings from realignment plan
Result Drivers
MOVIES BUSINESS DIVESTITURE - Revenue fell due to the sale of the Movies business in May 2026, which removed $9.5 mln in revenue versus the prior year
LOWER SYNDICATED DIGITAL PRODUCT PERFORMANCE - Company said weaker performance in syndicated digital products contributed to revenue decline
LOWER CUSTOM PRODUCT RENEWALS - Research & Insight Solutions revenue declined due to fewer renewals and reduced deliveries of certain custom digital products
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $76.16 mln | $72.54 mln (1 Analyst) |
Q3 Net Loss | $65.50 mln | ||
Q3 Pretax Loss | $65.94 mln |
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the advertising & marketing peer group is "buy."
Wall Street's median 12-month price target for Comscore Inc is $5.00, about 47.9% above its November 2 closing price of $3.38
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)