2/28/2023

speaker
Operator
Conference Operator

Good day and thank you for standing by. Welcome to the ComScore fourth quarter 2022 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, John Tinker.

speaker
John Tinker
Investor Relations

Thank you, operator. Before we begin our prepared remarks, I'd like to remind all of you that the following discussion contains forward-looking statements. These forward-looking statements include comments about our plans, expectations, and prospects, and are based on our view as of today, February 28th, 2023. Our actual results in future periods may differ materially from those currently expected because of a number of risks and uncertainties. These risks and uncertainties include those outlined in our 10-K, 10-Q, and other filings with the SEC, which you can find on our website or at www.sec.gov. We disfrain any duty or obligation to update our forward-looking statements to reflect new information after today's call. We will be discussing non-GAAP measures during this call, which we've provided reconciliations in today's press release and on our website. Please note that we will be referring to slides on this call, which are also available on our website www.comscore.com under Investor Relations, Events and Presentations. I'll now turn the call over to ComScore's Chief Executive Officer, John Carpenter. John.

speaker
John Carpenter
Chief Executive Officer

Thanks, John. And good evening, everyone. There have certainly been plenty of changes taking place in the environments where we compete, especially over the last year or so. And when I look back on the last year and in particular the last seven or eight months or so since I've been the company's CEO, We've continued to make changes to Comscore to better position our company for profitable growth and to better solidify the Comscore offerings for the future, and I'm proud of the progress we are making. It starts with building out a world-class team, and we've done that by adding to our already talented team and have added Greg Dale as our Chief Operating Officer, Mary Margaret Curry as our Chief Financial Officer, along with many others that ladder throughout the organization as a result of those changes, including the addition of Steve Bagdasarian, a very talented digital executive who we're excited to have lead growth and business development for ComScore. In addition, we made a bunch of really great progress executing on some key product deliverables that are super important to our growth going forward. We expanded key currency deals, delivered 48-hour TV data in every market, We're now the only measurement company to have this capability. And we rolled out the first major update to our digital product in many years. We launched innovation in CCR, where we are now able to deliver a cross-platform product with display and video across desktop, mobile, linear, and CTV all in one report. Our Comscore TV product now includes millions of virtual MVPD households ensuring our product offering continues to capture all the ways in which we, as consumers, are engaging with content, including linear TV content, which commands more than 55% of the viewing and still a significant piece of the total advertising spend. And on top of it, we delivered solid results. We grew our top line and delivered $376 million of revenue that yielded $37 million in adjusted EBITDA and our highest margin rate in five years. We're focused on execution, building on our momentum, and I'm more excited than ever about what's ahead. Before we get into 2023, I'll let Mary Margaret jump in and take us through more specifics on 2022.

Disclaimer

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Investor presentation