The chart below shows how SCOR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SCOR sees a +3.47% change in stock price 10 days leading up to the earnings, and a -5.68% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Cross-Platform Revenue Growth: 34% growth in cross-platform revenue compared to the third quarter a year ago.
Partnership Expansion Agreements: Renewed key agreements that expanded partnerships with important partners.
Cross-Platform Revenue Increase: Cross-platform revenue of $10.2 million was up nearly 34% compared to the prior year.
Proximic Revenue Growth: Our Proximic business was impacted in the second quarter by the Oracle announcement that it was shutting down its ad business, but we saw some of that happen very quickly in Q3, contributing to revenue growth for the quarter.
Cross-Platform Product Growth: We expect our cross-platform products growing at least 30% well into the future.
Negative
Quarterly Revenue Decline: Total revenue for the third quarter was $88.5 million, down 2.8% from $91 million the same quarter a year ago.
Content & Ad Revenue Stability: Content & Ad Measurement revenue of $75.3 million was flat compared to the prior year quarter with lower revenue from our syndicated audience offerings offset by an increase in cross-platform revenue.
Decline in Adjusted EBITDA: Adjusted EBITDA for the third quarter was $10.1 million, down 24% from the prior year quarter, resulting in an adjusted EBITDA margin of 11.5%.
Revenue Decline Analysis: Research & Insight Solutions revenue of $13.2 million was down 14% from 2023, primarily due to lower deliveries of custom digital solutions and Lyft products as a result of the pullback of discretionary ad spend we're continuing to see from certain clients.
Operating Expense Reduction: Core operating expenses in the third quarter were down 3.9% over the prior year quarter and down almost 5% year-to-date.
comScore, Inc. (SCOR) Q3 2024 Earnings Call Transcript
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