The FINANCIAL -- comScore, Inc. on Februray 17 announced financial results for the fourth quarter and full year 2015.
Fourth Quarter and Full Year 2015
comScore achieved record fourth quarter GAAP revenue of $97.7 million, an increase of 8% compared to the fourth quarter of 2014. GAAP income before income taxes was $6.5 million. GAAP net income was $4.4 million, or $0.11 per diluted share. Free cash flow for the fourth quarter was $10.7 million, up 68% from the same quarter last year.
Fourth quarter 2015 results and metrics compared to fourth quarter 2014 on a proforma basis* were as follows:
Revenue of $97.7 million, up 10%.
Adjusted EBITDA of $27.4 million, up 30%.
Adjusted EBITDA margin was 28.1% of revenue, up 440 basis points.
Non-GAAP net income was $18.9 million, up 19%.
comScore achieved record annual GAAP revenue of 368.8 million, an increase of 12% compared to 2014. GAAP loss before income taxes was ($5.0) million, GAAP net loss was $(6.8) million or $(0.18) per basic and diluted share. Free cash flow for the year ended December 31, 2015 was $55.3 million, up 32%.
Full year to date 2015 results and metrics compared to the twelve months ended December 31, 2014 on a proforma basis* were as follows:
Revenue of $368.4 million, up 13%.
Adjusted EBITDA of $95.0 million, up 25%.
Adjusted EBITDA margin was 25.8% of revenue, up 250 basis points.
Non-GAAP net income was $69.6 million, up 27%.
"I'm very pleased to announce that comScore delivered record revenues, record Adjusted EBITDA and strong net income from operations,” said Serge Matta, Chief Executive Officer of comScore. "With the completion of our merger with Rentrak and the introduction of our new Total Home Panel, we are moving swiftly and decisively to deliver the cross media solutions and currencies we know our clients need. We continue to see momentum in our audience and advertising solutions, including MMX Multi-Platform and vCE. We kicked off 2016 with an important milestone, announcing Media Ratings Council accreditation for MMX, the first time the MRC has accredited a digital audience measurement service. Additionally, we are highly optimistic on the future of the new comScore and as such are initiating a new $125 million Stock Buyback Program."