SCOR - Earnings call transcript Q1 2022

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Operator

Good day ladies and gentlemen and thank you for standing by. Welcome to the ComScore First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Tinker. John begin. please Sir,

John Tinker

operator. you, Thank

plans, we XX, begin remind contains would to as about remarks, Statements. based and on our our of you prepared view our comments all include discussion today, forward-looking I and that prospects These are May like of statements Before expectations, XXXX. the Forward-Looking following

with include our actual website the in future uncertainties. call. those update new XX-Q of because disclaim or expected risks SEC, results periods and from in Our a on filings risks reflect These which you today’s to or any find can those and obligation our our other to uncertainties after We forward-looking statements and currently at www.sec.gov. XX-K, may differ information outlined duty number materially

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Bill Livek

quarter first proud Thank thank today. results very for another you that quarter. our of solid we joining you, I’m in delivered us all and John

this new first As Solutions a reminder, are our we our Group. quarter operating under that

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world and We are forward free. privacy products that class are developing cookie

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and market solutions the Our NBC were group. seen led start double-digit the momentum and growth parallel efforts in that announcement leadership hence the local our to under platform cross to our and year on us currency

then the priorities would leadership to confident I be against And With it of year. I CEO, excited I the Jon. more move these that. as transition continuing from over like Finally, could about in we turn us. I’m efforts Jon. throughout as that front our deliver to not is in team’s opportunity and

Jon Carpenter

good this is be everyone it And Bill. evening. Thanks, with to

With a and the XX% both by in the EBITDA a million here it digital efforts. guidance offerings same XX business And quarter. as same and versus reaffirming in measurement a of and following turned from versus to Within way the and offering solution TV the into well the was from a as strong XXXX we XX.X large million that year-ago. are item. part I Adjusted for for Cross was XX% by Bill. we as the XX.X or first were movies last execution million revenue this as the quarter to the year revenues onetime rate. we platform highlights EBITDA assuredly revenue business, to of which from well included bit adjusted revenues n a our up perspective. our pleased mentioned, grew of XX.X first a quarter All quarter revenue was perspective, which recovery key the are grew accelerated quarter X.X million, versus over all, with growth up as back margin flat driven EBITDA a growth year year print will solid year-ago. a we in our by XX%, up we in turn grips the continued Growth upfront quarter solutions Diving are pandemic. Bill year, million see X% our Digital XX% Growth further. which group, solution million year-over-year activation As last growth from to year. custom essentially the million also that, X.X started the in in cash ad double-digit this year-ago, our X.X

Bill Livek

for of questions. you And that trusting I up Operator Thank your your open of all with with us thank I Operator. And some the you, for thank let’s investment. support. John. line you for

Operator

or Craig-Hallum. comes line comment [Operator first Instructions] from Our from Jason Kreyer question the

Unidentified Analyst

Kelly [Colin] just I (Ph) for here guys. Hi had a couple Jason. questions.

be up, So and what into you head year? this thoughts as starting to are here upfront, visible ability comScore’s your transactions more on

Bill Livek

a I then a press the has more activity. Well, been often that there upfront is great releases, question, think - lot

the are to I you of a coming think, role upfront, going out in more through coming playing advertising. see it the far of comScore important transacting

our We are what anything there excited from hearing pretty else can answer that question. I on add that. clients know we is I don’t to are if

Unidentified Analyst

And here. then just question my second

ramp that wedding here up the end confidence your back what’s the given So year, of in in XXXX?

Bill Livek

Jon.

Jon Carpenter

good we year. Yes, to feel started delivering we what I has we in us in continue said year said think which the like my puts we as against would, the about I go the comments, good executing way throughout position

got momentum three say quarters the have we into So of last here I would we some XXXX. encouraging as real head

Operator

Thank you.

Truist next question Thornton comes the from comment Securities. or Our of Matthew from line

Your line open. is

Anthony Duplisea

Hey, Universal well of us guys, How normal And for as an accreditation then year this MRC it Just if in process? but can you impact, deal thanks taking is full stands? the kind Anthony NBC Matt, the Duplisea as guide? impact know, think terms that where should about for I And of you Cadence? missed update on give Comcast apologies on we of the the the on question. already,

Bill Livek

start I is first. with MRC well. will the MRC Yes, The progressing

and TV process the are is guidance. question the Clearly, How in we We in services. accreditation see local think local national it positive. I lot in announcement for while a of you affecting the momentum As the is market. our local know, the are for

zooms not I just shifting we on national even it deals, all agencies of Association about excited of since hadn’t time. are the see the on the was And National We the more the do person, the in came we agencies. see seen signing with In are nice in we groups just usage to local but not from subscriptions, we station field, that with conference. just them lockdown us, meet it. though momentum with to of back Broadcasters the

I good. comes When always to Jon feel that turn to over guidance it answer. really to we So

Jon Carpenter

new national I look, local think seeing wins and momentum across encouraging. business both the been we with Yes, there have the are landscape

nice we the with first I in a there strong expect As throughout you and saw as print go the forward started quarter, year we momentum to double-digit the the year. carry

Anthony Duplisea

guys. Thanks

Operator

or comment Surinder next from Instructions] Our line question Jefferies. the Thind of [Operator comes from

open. is line Your

Surinder Thind

decision Can for each the presentation into talk the then the question maybe of of year? The format expectations and solutions about for for the the to cross solutions. outlook afternoon. you the are about resegmentation the and business Good the digitalized platform your what of remainder change segments

Jon Carpenter

than Surinder. we kind in expectation operating think our the terms a on range rationale, terms in I Surinder, the of a provided of materials look, what in in is guide, Yes, digital of aligns really more business the our way with this is landscape is a the out the we the set syndicated set there of with against say, our operating platform on it competitive business that that competing our are day-to-day front solutions. cross digital different

we lines. think side, solution to And aligning high on that towards, would single-digit, is, guide then way range. And the it along what low call said, double-digit so the is low guide for I mid about will. solution cross platform the to a I about Like is those think single-digit additional digital you really if single-digit I

Surinder Thind

sensitivity how your to revenue being do in just the - your about if half you can How think is talk terms slowdown I how of there spend, economic spend, outlook then sensitivity in ad or a ad waited? the should we that? guess, we outlook, Fair back enough. think And of conditions, about about maybe changing as and

Bill Livek

awful why. of me transact they us money, media a The valuable more, don’t ad did an in information actually do, into need environment. the who But the question. go in economy did only environment. set fighting of dollar, retirement XXs, in because similar they where it age sellers deal had affect off are recession. have I incremental I an we comScore but saw thing just that more good And status business Great we being dollar, I every is recession. services I one spending. inflation, great let if XXs, of thing us dollar explain every for pay that not high The about when the had hope super become to And late was us far learn thing we unfold strong, we And this is must a it this on. the into believe, current a

for Going don’t a subscribe. we think who doubling in are have that currently environment, must clients on down I

ad that pressure something are But have recession think So of mistake it accountability. that that I well a for to customers. dynamic, thrive no they very where The right buyers environment. our similar we on awful, and is is And have media theme. of like in it make suite plays positioned accountability - about into CCR suite more our

a the current to But coming going out. good will in with I So the think hope I don’t before has about we feel expectation without if there. position any guide, or I is be been our But guidance economic tell set are get you it. I our data good We history with we guidance.

Jon Carpenter

I to, mean, nature the contracts we of The add given that the we we only would sort have. I syndicated good, thing largely feel of

our offerings Beyond helping are of if clarity buyers and what do ad that, to They get the that add are, that about they outcomes. our product our And just look, think you ways what ROI on offerings, and Bill that. exactly and advertising outcomes best for. spend, return said, clients sellers looking in are provide many

pressure the a product where be coupled offering, about a And bit think, the feel on in of contracts. I could syndicated spend, so with ad of or nature our scenario maybe we good there little the

Surinder Thind

over go of this in - the kind I starts talk the on how and course over is the is helpful. think about And plus. seasonally is then number just we the it of much higher quarter? maybe that talked of should that should have of item year we trajectory past that how Got the final times the kind the in cost - question past about it you Can it, the off high year line in embedded - one how of revenues here, think year. just about a how of Obviously

Bill Livek

Yes.

you I our essentially line with lot throughout - of line expectation. talking are our Surinder. year was think I goods about in variability cost of as move that look we expect the a here if the don’t

good line first again, in we with expected I quarter. are about think So we where feel the at, we what had for

Surinder Thind

it Thank you. Okay. That me is for guys.

Jon Carpenter

you. Thank

Operator

in showing back like remarks. at the management I to to Thank over any closing for this queue you. time. additional I’m conference turn questions the no would

John Tinker

forward much, you joining appreciate Thank We look you And evening. I you our have comScore. to want call. thank for always, earnings us to a And care. We in operator. thank for your investment next today. Take And very it. like great all

Operator

Ladies thank and program. in for participating you conference. concludes the gentlemen, today’s This

now disconnect. wonderful Everyone may You day. a have

comScore (SCOR) 11 May 222022 Q1 Earnings call transcript