Aug 12, 2026, 4:09 PM ETCommunication Services

Comscore — Second Quarter 2026 Earnings Summary

SCORCOMSCORE INC

Financial Performance

Q2 2026 revenue was $79.2 million, a decrease of 11.3% from $89.4 million in Q2 2025.
Net loss for Q2 2026 was $14.8 million, compared to a net loss of $9.5 million in Q2 2025.
Net loss margin was 18.7% in Q2 2026, compared to 10.6% in Q2 2025.
Loss per share attributable to common shares was $(0.97) in Q2 2026, compared to $(2.73) in Q2 2025.
Non-GAAP adjusted EBITDA was $1.3 million in Q2 2026, down from $8.9 million in Q2 2025.
Non-GAAP adjusted EBITDA margin was 1.7% in Q2 2026, compared to 10.0% in Q2 2025.
Core operating expenses were $87.9 million in Q2 2026, a 2.8% decrease from $90.4 million in Q2 2025.
Cash, cash equivalents, and restricted cash totaled $28.7 million as of June 30, 2026.
The company recorded a loss on divestiture of $2.7 million and a loss on extinguishment of debt of $3.6 million in Q2 2026.

Full-year 2026 revenue outlook is set between $315 million and $325 million.
Full-year 2026 adjusted EBITDA margin is expected to be in the low-to-mid single digits.
Management does not anticipate near-term growth due to the divestiture of the Movies business and ongoing transformation.
The company expects to generate between $20 million and $25 million in annual run-rate cost savings from its realignment plan.
Management expects to enter 2027 with a leaner, more flexible cost model to stabilize the business and plan for future growth.
The company does not provide forward-looking GAAP net income or margin guidance due to the inability to predict stock-based compensation, fair value adjustments, litigation, and restructuring expenses with reasonable certainty.

Content & Ad Measurement revenue decreased 11.7% year-over-year, driven by lower Syndicated Audience revenue (down 13.6% to $55.2 million) and lower performance in national TV, local TV, and syndicated digital products.
Cross-Platform revenue decreased 2.1% to $12.5 million, primarily due to lower usage in Proximic, partially offset by growth from new business in CCM.
Research & Insight Solutions revenue decreased 9.2% to $11.5 million, primarily due to lower renewals and lower deliveries of certain custom digital products.
The Movies business was divested on May 27, 2026, contributing $6.2 million in Q2 2026 revenue compared to $9.6 million in Q2 2025.
Strategic initiatives include launching new and enhanced products, closing multimillion-dollar deals in local TV, expanding the Proximic footprint, and delivering AI and Creator solutions.

The company is reimagining its operations to establish Comscore as the standard for modern measurement.
Management identifies significant opportunities in market-share opportunities within established businesses and revenue from targeted product expansion.

The divestiture of the Movies business resulted in non-strategic revenue impacts and contributed to the decline in top-line results.
The company faces challenges related to the execution of its transformation plan, including potential higher-than-expected implementation costs.
Risks include cash flow and liquidity challenges related to plan implementation and the loss of non-strategic revenue.
Forward-looking statements are subject to risks such as changes in customer relationships, external market conditions, and the ability to achieve strategic plans.

CEO Matt McLaughlin stated that top- and bottom-line results were "not acceptable," reinforcing the urgency of realigning priorities.
Management described the second quarter as "hallmarked by the completion of several critical actions necessary to further stabilize our core business and improve our balance sheet."
CFO Mary Margaret Curry emphasized the execution of a new ROI-based operating model to build a "lasting foundation for value creation."
Management expressed confidence in the potential of new products and targeted expansion to overcome revenue impacts from the divestiture.

The company completed the sale of its legacy Movies business for an aggregate base purchase price of $70.0 million in cash.
Proceeds from the divestiture were used to fully repay $40.1 million in outstanding obligations under the senior secured credit facility, terminating the term loan and revolving facility.
As of June 30, 2026, remaining debt obligations consist only of outstanding principal on finance leases related to equipment purchases.
The company launched a transformational ROI-based operating model designed to realign business and corporate culture, optimize operations, and focus investment on sustainable growth.
The company will host a conference call on August 12, 2026, at 5:00 p.m. ET to discuss results.