Comscore reported a net loss of $36.4 million, or 49 cents per share, in the first quarter — up from a loss of $13.2 million, or 19 cents per share, in the year-ago quarter.
The loss includes a $15.3-million non-cash charge related to Comscore’s January recapitalization through $204 million in strategic investment from Charter Communications, Qurate Retail and Cerberus.
The investment wiped out Comscore’s debt (the company repaid $217 million in Q1) and provided access to “extended data rights” from Charter Communications.
The media measurement and research company recorded a less-than-1% revenue increase in the quarter, to $90.3 million, versus $89.5 million in Q1 2020. That was Comscore’s first year-over-year quarterly revenue increase since Q4 2018.
Revenue gains in TV, cross-platform services, custom marketing solutions and activation were offset by lower movie and syndicated digital revenue, according to the company.
During the quarter, Comscore signed new deals in syndicated digital, local TV, VOD, and long-term renewals in national TV, and expanded its partnership with Dish Media/Sling.
Expenses rose to $95.4 million, from $90.7 million in Q1 2020.
Adjusted EBITDA was $5.6 million, versus $6.4 million in the year-ago quarter.