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comScore to measure Internet usage on mobile devices

by Andrew Redfern @ 8th February 2008 9:12 am

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comScore today announced preliminary unaudited results for its fourth quarter and full year ended December 31, 2007; and one of the highlights is that in 2008 it will measure Internet usage on mobile devices.

comScore reported revenue of $25.3 million for the quarter ended December 31, 2007, an increase of 39 percent compared to the fourth quarter of 2006 and an increase of 13 percent over the third quarter of 2007.

President and Chief Executive Officer Dr. Abraham commented “Looking ahead to 2008, we anticipate continued strong growth for comScore as we expect the market for our services will continue to expand globally and into other digital formats such as the mobile web. We hope to deepen penetration into our existing customer base by providing enhanced value to our customers through our expanded and innovative product offerings.

We also anticipate continuing to add new customers both in the U.S. and internationally and plan to establish a commercial presence inFrance and Germany.

We plan to continue to invest in sales and marketing in support of our recently introduced new products in addition to new product initiatives that reinforce our leadership in digital media intelligence and which will contribute to our future revenue growth.

In particular, we hope to launch a service to measure Internet usage on mobile devices. Even with our planned investment in these and other new growth initiatives, we anticipate that the improving operating leverage of our business model will continue to result in strong earnings growth.

We expect our margins, adjusted EBITDA and free cash flow to achieve strong growth in 2008 reflecting revenue growth outpacing increases in operating expenses and capital expenditures”.

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