Key Highlights

  • Revenue was USD 76.2 million, down 14.3%, or 4.1% on a pro forma basis excluding the divested Movies business.
  • The net loss was USD 65.5 million, from a USD 57.3 million Goodwill Impairment and USD 5.5 million of restructuring.
  • Adjusted EBITDA was USD 5.8 million at a 7.6% margin, versus USD 11.0 million and 12.4% a year earlier.
  • Full-year Revenue guidance of USD 315 to 325 million was reaffirmed, with USD 20 million to 25 million savings.

A Smaller Business and a Writedown

comScore, Inc. (NASDAQ:SCOR), the Reston, Virginia media measurement company, reported third-quarter 2026 revenue of USD 76.2 million, down 14.3% from USD 88.9 million. Excluding the Movies business divested in May 2026, which contributed USD 9.5 million a year earlier, prior-year revenue was USD 79.4 million, so the pro forma decline was 4.1%.

The net loss was USD 65.5 million against Net Income of USD 0.5 million. The company attributes it primarily to a non-cash goodwill impairment charge of USD 57.3 million and restructuring costs of USD 5.5 million. Management ran an interim goodwill review after a fall in the share price and market Capitalization and the implementation of the realignment plan. The loss per share attributable to common shares was USD 4.26.

Analyst estimates were EPS of negative USD 0.43 against reported EPS of negative USD 4.16, and revenue of USD 72.5 million against reported revenue of USD 76.2 million.

Segments and Costs

Content and Ad Measurement revenue fell 14.4%, or 2.1% on a pro forma basis, because of lower syndicated audience revenue, tied mainly to the Movies divestiture, and lower syndicated digital products. Cross-Platform revenue was flat, as lower usage in Proximic was offset by new business in CCM. Research and Insight Solutions revenue fell 13.9% on fewer renewals and fewer deliveries of certain custom digital products.

Core operating expenses, covering cost of revenues, sales and marketing, Research and Development and general and administrative expenses, were USD 79.6 million, down 8.0% from USD 86.6 million on lower employee compensation, data costs and facilities expense. Adjusted EBITDA was USD 5.8 million against USD 11.0 million, with margins of 7.6% and 12.4%. Chief Executive Officer Matt McLaughlin said the new transformational ROI strategy realigns the business and cost structure, and that the team achieved cost savings in the quarter.

Cash, Debt and Guidance

Quarterly cash payments included USD 3.0 million for restructuring and USD 1.9 million of strategic transaction costs, mainly for the Movies divestiture. The company's only debt obligations were finance leases on equipment, after it repaid its senior secured Credit Facility in May 2026.

The chief financial officer said the outlook for 2026 is unchanged, with revenue of USD 315 million to USD 325 million and an adjusted EBITDA Margin in the low-to-mid single digits. The realignment plan targets USD 20 million to USD 25 million of annual run-rate cost savings, part of which is to be used to execute the ROI strategy and invest in growth opportunities in 2027.

Cash, cash equivalents and restricted cash totaled USD 19.5 million at September 30, 2026, against USD 29.9 million a year earlier.

Items to Follow

Delivery of the cost savings, revenue trends after the Movies divestiture and cash balances are the items to follow.