Revenue Growth in Key Areas
The company generated just under $89 million in revenues, slightly up year-over-year, with double-digit growth in local TV offerings and 20% year-over-year growth in cross-platform revenue.
Launch of Comscore Content Measurement (CCM)
Comscore launched its CCM product earlier in the year, which has seen significant adoption with clients signing long-term contracts. The product addresses fragmented measurement and bridges linear and digital measurement effectively.
Recapitalization Agreement Benefits
The agreement with preferred shareholders eliminates over $18 million in annual preferred dividends and $47 million in special dividend obligations, providing financial flexibility for future growth investments.