comScore (NASDAQ: SCOR) reported Q2 EPS of ($0.15), $0.11 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $88.6 million versus the consensus estimate of $90.35 million.

Second Quarter 2020 Financial Highlights

• Revenue of $88.6 million compared to $96.9 million in the prior-year quarter, with growth in TV and Addressable year-over-year
• Movies revenue of $7.9 million compared to $10.7 million in the prior year, primarily due to pandemic-related closure of movie theaters
• Net loss of $10.4 million, or $(0.15) per share compared to a net loss of $279.5 million, or $(4.61) per share, which included a non-cash impairment charge of $241.6 million, in the prior-year quarter
• Adjusted EBITDA of $9.2 million compared to a loss of $3.2 million in the prior-year quarter

Recent Key Renewals, Partnerships and New Business Developments

• Addressable and Cross-Platform – Renewed and expanded partnership with OpenAP, the advanced advertising marketplace
• Movies – Eight large customer renewals, including three major studios
• Validated Campaign Essentials – Integration of Google Ads Data Hub
• Local TV – Rockfleet Broadcasting and Cox Media Group
• Syndicated Digital – Bassmaster, Minute Media
• National Agency – Omnicom Group (digital expansion)
• OnDemand – Shout! Studios and Cinedigm
• OTT – Sinclair Compulse360, the leading Local OTT content advertising platform
• Comscore Consumer Intelligence for local markets – A new Local product merging in-market consumer behavior with Digital and TV usage
• International – Auditel (Italy), MMS (Sweden)
• Awarded U.S. patent for protecting consumer privacy during demographics data collection

"During the second quarter, we made strides in many areas of our business, positioning Comscore for success in the second half of 2020 and beyond. While the pandemic impacted our revenue for the quarter, particularly in our Movies and Digital businesses, our TV and Analytics businesses performed well. We effectively managed expenses, which drove adjusted EBITDA to its highest level since 2016," said Bill Livek, CEO and Executive Vice Chairman of Comscore. "This quarter, we also celebrated a milestone 1,000th TV station client, a testament to how our television measurement and advanced demographic solutions add media planning value for our customers."

"Our strategic review progressed during the second quarter," Livek continued. "Despite some delay from the pandemic and related closures, we have conducted a fulsome process and are in active discussions regarding strategic alternatives to maximize long-term shareholder value. We look forward to updating our stakeholders when appropriate."

For earnings history and earnings-related data on comScore (SCOR) click here.