Comscore, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Comscore, Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

COMSCORE, INC. (SCOR) filed a Annual Report (10-K) with the SEC on March 12, 2024. Comscore, Inc. filed its 2023 Form 10-K on March 12, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 11950 Democracy Drive, Suite 600, Reston, VA 20190. Comscore, Inc. was formerly known as Comscore Networks Inc. The filing includes financial data for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking COMSCORE, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Comscore's financial health, operational performance, and strategic direction for the past fiscal year, crucial for investors and stakeholders to assess the company's current standing and future prospects. The detailed financial statements and risk factors within the report offer insights into the company's revenue streams, expenses, and potential challenges, enabling informed investment decisions.

Risk Assessment

Risk Level: medium — COMSCORE, INC. shows moderate risk based on this filing. The company's financial performance and market position are subject to various risks detailed in the 10-K, including competition and evolving industry dynamics, which could impact future results.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand Comscore's performance and potential challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-03-12 — Filing Date (Date of submission)
• 001-33520 — SEC File Number (Comscore's SEC registration number)
• 703-438-2000 — Business Phone (Contact number)

Key Players & Entities

• COMSCORE, INC. (company) — Filer name
• SCOR (company) — Ticker symbol
• 10-K (document) — Form type
• 20240312 (date) — Filing date
• 20231231 (date) — Fiscal year end
• 11950 DEMOCRACY DRIVE (address) — Business street address
• RESTON (location) — Business city
• DE (location) — State of incorporation

FAQ

Industry Context

Comscore operates in the data analytics and measurement industry, providing insights into consumer behavior and media consumption.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business and financial condition.

What Investors Should Do

1. Review Comscore's 2023 financial statements for revenue, net income, and other key metrics.
2. Analyze the risk factors section to understand potential challenges and their impact on Comscore's business.
3. Examine any disclosures related to related-party transactions or executive compensation.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-03-12: Filing Date — Date Comscore, Inc. submitted its 10-K filing.

Year-Over-Year Comparison

This is the initial analysis of the 2023 10-K filing; comparisons to prior filings will require access to those documents.

Key Financial Figures

• $0.001 — ich Registered Common Stock, par value $0.001 per share SCOR NASDAQ Global Select Mar

Filing Documents

• scor-20231231.htm (10-K) — 2648KB
• exhibit410-descriptionofse.htm (EX-4.10) — 40KB
• exhibit1055-formofrestrict.htm (EX-10.55) — 40KB
• exhibit1056-formofperforma.htm (EX-10.56) — 18KB
• exhibit211-listofsubsidiar.htm (EX-21.1) — 36KB
• exhibit231-consentofindepe.htm (EX-23.1) — 2KB
• exhibit311-certificationof.htm (EX-31.1) — 8KB
• exhibit312-certificationof.htm (EX-31.2) — 8KB
• exhibit321-certificationof.htm (EX-32.1) — 4KB
• exhibit322-certificationof.htm (EX-32.2) — 5KB
• exhibit971-comscoreincclaw.htm (EX-97.1) — 39KB
• scor-20231231_g1.jpg (GRAPHIC) — 44KB
• 0001158172-24-000012.txt (&nbsp;) — 14071KB
• scor-20231231.xsd (EX-101.SCH) — 87KB
• scor-20231231_cal.xml (EX-101.CAL) — 142KB
• scor-20231231_def.xml (EX-101.DEF) — 501KB
• scor-20231231_lab.xml (EX-101.LAB) — 1104KB
• scor-20231231_pre.xml (EX-101.PRE) — 819KB
• scor-20231231_htm.xml (XML) — 2120KB

Risk Factors

Item 1A. Risk Factors 12

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 28

Cybersecurity

Item 1C. Cybersecurity 28

Properties

Item 2. Properties 29

Legal Proceedings

Item 3. Legal Proceedings 29

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 29 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30

Reserved

Item 6. Reserved 30

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 31

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 43

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 44

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 83

Controls and Procedures

Item 9A. Controls and Procedures 83

Other Information

Item 9B. Other Information 85

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 85 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 86

Executive Compensation

Item 11. Executive Compensation 86

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 86

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 86

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 86 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 87

Form 10-K Summary

Item 16. Form 10-K Summary 93

SIGNATURES

SIGNATURES 94 Table of Conte nt s CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS We may make certain statements, including in this Annual Report on Form 10-K, or 10-K, including the information contained in Item 7 , "Management's Discussion and Analysis of Financial Condition and Results of Operations" of this 10-K, and the information incorporated by reference in this 10-K, that constitute forward-looking statements within the meaning of federal and state securities laws. Forward-looking statements are all statements other than statements of historical fact. We attempt to identify these forward-looking statements by words such as "may," "will," "should," "could," "might," "expect," "plan," "anticipate," "believe," "estimate," "target," "goal," "predict," "intend," "potential," "continue," "seek" and other comparable words. Similarly, statements that describe our business strategy, goals, prospects, opportunities, outlook, objectives, plans or intentions are also forward-looking statements. These statements may relate to, but are not limited to, expectations of future operating results or financial performance; expectations regarding our restructuring activities and cost-reduction initiatives; macroeconomic trends that we expect may influence our business, including declines in discretionary advertising spending; plans for financing and capital expenditures; expectations regarding liquidity, customer payments and compliance with debt and financing covenants, dividend requirements and other payment obligations; expectations regarding our commercial relationships and the development and introduction of new products; potential limitations on our net operating loss carryforwards and other tax assets; regulatory compliance and expected changes in the regulatory, industry or privacy landscape affecting our business; expected impact of contractual disputes, litigation and regulatory proceedings; and plans for growth and future operations, as well as assumptions

BUSINESS

ITEM 1. BUSINESS Unless the context requires otherwise, references in this 10-K to "Comscore," "we," "us," the "Company" and "our" refer to comScore, Inc. and its consolidated subsidiaries. We have registered trademarks around the globe, including Unified Digital Measurement, UDM, vCE, Metrix, Essentials, Box Office Essentials, OnDemand Essentials, and TV Essentials. This 10-K also contains additional trademarks and trade names of our company and our subsidiaries. We file and maintain trademark protection for our products and services. All trademarks and trade names appearing in this 10-K are the property of their respective holders. Overview We are a global information and analytics company that measures advertising, content, and the consumer audiences of each, across media platforms. We create our products using a global data platform that combines information on digital platforms (connected (Smart) televisions, mobile devices, tablets and computers), television ("TV"), direct to consumer applications, and movie screens with demographics and other descriptive information. We have developed proprietary data science that enables measurement of person-level and household-level audiences, removing duplicated viewing across devices and over time. This combination of data and methods enables a common standard for buyers and sellers to transact on advertising. This helps companies across the media ecosystem better understand and monetize their audiences and develop marketing plans and products to more efficiently and effectively reach those audiences. Our ability to unify behavioral and other descriptive data enables us to provide audience ratings, advertising verification, and granular consumer segments that describe hundreds of millions of consumers. Our customers include digital publishers, television networks, movie studios, content owners, brand advertisers, agencies and technology providers. The platforms we measure include televisions, mobile devices, compute

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View this 10-K filing on SEC EDGAR