comScore, Inc.(SCOR)- NASDAQ
  • Wed, Aug. 10, 11:45 AM
    • ComScore (NASDAQ:SCOR) is up 5.2% after replacing its CEO and key management, amid a lengthy investigation into its accounting practices.
    • Co-founder Gian Fulgoni is becoming chief executive officer, replacing Serge Matta, who will remain as executive vice chairman and an adviser to Fulgoni.
    • Chief Revenue Officer David Chemerow has been named the new chief financial officer, replacing Melvin Wesley III, who "has discontinued his role as such" and will aid with the transition.
    • President Bill Livek (formerly CEO of Rentrak, now merged with comScore) will take strategic and day-to-day responsibility for expanding the TV, cross-platform and movies measurement businesses.
    • Joan Lewis was named non-executive chair of the comScore board. She joined the board in 2015.
    • In an SEC filing, the company noted that its 10-Q for the quarter would be filed late -- part of a cascade of delays that built up earlier this year.
    • ComScore says its investigation is "substantially complete" and that it's identified "areas of potential concern." The company began looking into results that may have been boosted by nonmonetary revenue (including from barter agreements).
    | Wed, Aug. 10, 11:45 AM
  • Wed, Jul. 6, 10:51 AM
    • ComScore (SCOR +2.3%) says it's expanded a relationship with Raycom in local TV ratings, adding five new markets.
    • Those moves (in Amarillo, Texas; Boise, Idaho; Odessa-Midland, Texas; Waco-Temple-Bryan, Texas; and Wichita Falls-Lawton, Texas) bring the number of markets under contract with Raycom to 56, with 33 of those exclusively using comScore's Local TV service.
    • Raycom's partnership with comScore dates to a deal with Rentrak, now merged with comScore.
    | Wed, Jul. 6, 10:51 AM | 1 Comment
  • Tue, Jun. 28, 12:46 PM
    | Tue, Jun. 28, 12:46 PM | 2 Comments
  • Tue, Jun. 28, 11:11 AM
    • ComScore (NASDAQ:SCOR) has tumbled anew, down 19% today, after it's missed another deadline related to accounting issues that included missing its annual filing in February and a quarterly filing in May.
    • The company had set its own deadline for yesterday to provide an update on its internal probe, but acknowledged in an SEC filing that it didn't make that schedule.
    • The Audit Committee "continues to work vigorously" and has completed a substantial amount of factual inquires, the filing says, but the committee and board "require further time to evaluate the information collected and to reach and evaluate final conclusions."
    • Just last month, observers expected that the probe might soon be over, but Telsey Advisory's Tom Eagan said that giving details on an accepted plan for filing the annual report was crucial. At that time, it was expected that the plan would be fully known by June 27.
    | Tue, Jun. 28, 11:11 AM | 4 Comments
  • Fri, May 20, 5:28 PM
    • ComScore (SCOR +4.1%) says it's received an expected notification of deficiency from Nasdaq, tied to its delayed 10-Q for the quarter ended March 31.
    • The company had already received a noncompliance notice in March related to a delayed filing of its 10-K for 2015 over accounting matters. The delay kicked the stock down more than 30%.
    • It submitted a plan to regain compliance to Nasdaq, and has until Aug. 29 to do so. Recent filings suggest the company is close to the end of its review and is unlikely to unleash negative surprises when it does file.
    • Now read Why comScore Will Be OK »
    | Fri, May 20, 5:28 PM
  • Fri, Apr. 1, 2:24 PM
    • ComScore (SCOR +2.4%) has announced an expanded partnership with Dish Network (DISH -0.2%) via a new long-term agreement on data measurement.
    • The two are decade-long partners. The new deal provides for integrating aggregated and projected viewing information on Dish Network with comScore's TV measurement service.
    • "Dish is a major partner that helped us change the measurement landscape by allowing massive and passive television measurement across a national footprint," says comScore CEO Serge Matta.
    • Now read ComScore Delayed Reporting Commentary »
    | Fri, Apr. 1, 2:24 PM
  • Wed, Mar. 23, 4:47 PM
    • ComScore (SCOR -2.9%) says it's received an expected notice of deficiency from Nasdaq tied to the delays of its annual report.
    • Shares tumbled early this month on news that comScore would suspend its dividend and buyback and miss the deadline for its 10-K, saying it couldn't complete a review into potential accounting matters. Shares have fallen 27% since that news March 7.
    • The Nasdaq notice doesn't have an immediate effect on comScore trading, but gives the company 60 days to submit a plan to get back in compliance.
    • ComScore says it will have a plan (or the 10-K itself) within that time frame.
    • Shares are flat in after-hours trading.
    • Previously: Awaiting accounting info, Macquarie downgrades comScore, cuts target (Mar. 08 2016)
    • Previously: ComScore -31%; missing 10-K deadline, suspending dividend, buyback (Mar. 07 2016)
    | Wed, Mar. 23, 4:47 PM
  • Mon, Mar. 7, 12:45 PM
    | Mon, Mar. 7, 12:45 PM | 11 Comments
  • Mon, Mar. 7, 10:00 AM
    • ComScore (NASDAQ:SCOR) has tumbled 31.6% out of the open after it said it was going to miss the deadline to file its 10-K.
    • The firm also said it was suspending its dividend and buyback. Over the weekend, ComScore's audit committee found that it couldn't complete a review into "potential accounting matters" in time to meet an (extended) March 15 deadline to submit its 10-K.
    • The company's also postponing its March 16 investor day and suspending a $125M share repurchase program it had just discussed last month.
    | Mon, Mar. 7, 10:00 AM
  • Wed, Feb. 17, 11:10 AM
    • ComScore (NASDAQ:SCOR) has recovered from an early post-earnings tumble as the broader market has strengthened, but is still 2.5% lower after a revenue miss for Q4 and some light EBITDA guidance for Q1.
    • Revenue grew 8.4% to a Q4-record $97.7M and profits grew 19% on a pro forma basis to $18.9M.
    • The company's guiding to Q1 GAAP revenue of $105M-$111M, GAAP earnings before income taxes of -$1.9M to $6.5M, and EBITDA of $19M-$23.5M (that, light of expectations for $25M). For the full year, it forecasts GAAP revenue of $508M-$532M, GAAP earnings before income taxes of -$26.9M to -$3.5M, and EBITDA of $116M-$132M (vs. expected $118.3M).
    • Free cash flow for the year was $55.3M (up 32%). It's initiating a new $125M repurchase program.
    • Conference call link
    | Wed, Feb. 17, 11:10 AM
  • Fri, Jan. 29, 12:34 PM
    • With a merger closing coming after business today, comScore (NASDAQ:SCOR) is off 4.3% and Rentrak (NASDAQ:RENT) down 4.3%. Yesterday, the two firms gained in the wake of their respective shareholder votes to seal the deal (comScore up 0.3%; Rentrak up 0.5%).
    • Evercore ISI has initiated coverage of comScore at Hold, bucking nearly a dozen Buy ratings held by other firms.
    • On CNBC, comScore CEO Serge Matta was confident amid digital challenges and described the combination as ready to usher in the new ratings era. "The new comScore, with Rentrak, is going to be able to measure over 250M desktops, over 150M or 200M mobile phones and tablets, 40M TV sets, 120M video on demand."
    • On the challenges of getting digital partners to cooperate with their rubrics: "We have a lot of partners today ... just the baseline that we're talking about is in the hundreds of millions as a starting point ... and what we're going to be doing with it is merging all of that data together and creating a world-class cross-platform service."
    • It won't take long to get past integration and roll out new offerings, he suggests. "We know each other, our cultures are the same, the big data innovation culture between the 2 firms ... it's no longer fiction, it's really a reality, and the starting point will be happening in just a short number of weeks."
    • Previously: ComScore, Rentrak shareholders OK last merger votes; closing tomorrow (Jan. 28 2016)
    | Fri, Jan. 29, 12:34 PM
  • Mon, Jan. 25, 6:31 PM
    • ComScore (SCOR +1%) is up 1.2% after hours, and Chemours (CC -7.9%) is up 1.2% as well, as the two get set to trade places in S&P indexes.
    • ComScore will leave the S&P SmallCap 600 to join the MidCap 400 after the close on Friday, at which point comScore is expected to close on its acquisition of Rentrak (RENT +1.3%), giving it a market cap more characteristic of a mid-cap.
    • Replacing it in the SmallCap 600 will be performance chemical maker Chemours, which is near the bottom of the MidCap 400 and has a cap more representative of small caps, S&P says.
    | Mon, Jan. 25, 6:31 PM | 1 Comment
  • Dec. 23, 2015, 4:31 PM
    | Dec. 23, 2015, 4:31 PM
  • Nov. 24, 2015, 10:28 AM
    • One of the major milestones in the merger of comScore (SCOR -2.5%) and Rentrak (RENT -1.9%) has passed as the Hart-Scott-Rodino antitrust waiting period has expired on the deal.
    • The merger -- a stock-for-stock deal that will leave comScore with about two-thirds of the combination -- still remains subject to the approval of both companies' shareholders. Both boards approved the transaction.
    • The companies expect the deal to close in January.
    • Previously: Wunderlich: ComScore/Rentrak a compelling measurement combo (Sep. 30 2015)
    | Nov. 24, 2015, 10:28 AM
  • Sep. 30, 2015, 3:50 PM
    • With a new challenge looming in the merger of comScore (SCOR +11%) and Rentrak (RENT +24.6%), Nielsen (NLSN -1.8%) today noted that CBS All Access (CBS +2.5%) is kicking off its efforts toward Total Audience Measurement.
    • The CBS over-the-top service is the first app/browser experience to be certified for the Digital in TV Ratings measurement, Nielsen announced at an Advertising Week panel. The move makes CBS the first broadcast net to include digital audience measurement in its TV ratings; viewers of local CBS TV stations via the app will be accounted for.
    • The Total Audience Measurement initiative is moving forward “not after a honeymoon, not after a marriage, not after anything else. Now," said Nielsen's Steve Hasker, who notes Nielsen will roll it out before the competing merger is sealed. The announcement wasn't without friction, as the chiefs of Rentrak and comScore were on stage as well.
    • “We live in a world of a basket of currencies," said Rentrak CEO Bill Livek. "We have the dollar. We have the pound. We have the euro. They function together ... You’re not the only currency. Please.”
    • Previously: Wunderlich: ComScore/Rentrak a compelling measurement combo (Sep. 30 2015)
    | Sep. 30, 2015, 3:50 PM | 1 Comment
  • Sep. 30, 2015, 10:23 AM
    • The deal by comScore (SCOR +11.6%) -- an Internet traffic-measurement specialist -- to acquire Rentrak (RENT +22.8%), better known for set-top TV measurement, is a combination aimed at taking on the king: Nielsen (NLSN -2.1%), which has come in for criticism from many corners over finding a "better way" of tracking in the era of big data.
    • “We are going to build a cross-platform currency,” said comScore's Serge Matta, which may be music to the ears of Viacom's Philippe Dauman, for one; Dauman said his company's creation of Viacom Vantage was a step toward getting past Nielsen and "moving toward creating a different kind of currency." Nielsen's "total audience" measure is reportedly in the works for coming months.
    • Nielsen's incumbency is no small matter. Its revenues last year were $6.3B, against comScore's $329M and Rentrak's $103M.
    • Wunderlich sees the "next iPhone in media measurement" in the deal. Analyst Matthew Harrigan holds a Buy rating on Rentrak with a $72 target (35% upside from this morning).
    • The deal implies "especially compelling" multiples and "addresses an imperative need for a flexible and trusted metric for cross-platform media buying and selling, with siloed TV and digital analytics no longer adequate." Media companies should respond favorably, he says, and he estimates synergies of at least $20M for 2016 going up to $35M in 2017 with “very high sales pass-through to EBITDA.”
    • Previously: ComScore up 6.1% after hours, to merge with Rentrak (Sep. 29 2015)
    | Sep. 30, 2015, 10:23 AM | 1 Comment
Company Description
comScore, Inc. is a cross-platform measurement company that precisely measures audiences, brands and consumer behavior everywhere. The company builds a platform on precision and innovation. Its unmatched data footprint combines proprietary digital, TV and movie intelligence with vast demographic... More
Sector: Services
Industry: Business Services
Country: United States