comScore has record revenue growth despite fourth quarter loss
- February 17, 2011
comScore experienced record revenue growth in the fourth quarter last year despite a loss (before income taxes) of $1.5 million. The Reston-based company said Thursday that revenue reached $51.2 million, an increase of 52 percent over the fourth quarter of 2009. The company posted a net loss of $494,000 or 2 cents per basic and diluted share, due to recent acquisition-related costs.
Overall, revenue for 2010 increased 37 percent to $175 million, compared to $127.7 million in 2009. “We added 70 net new customers in the fourth quarter, bringing our total customer count to 1,752, an increase of almost 500 customers from a year ago,” Magid Abraham, comScore president and CEO said. “We believe these drivers position us well for continued growth in 2011.”