comScore Names a New CEO, Posts Record Quarterly Results
There will soon be a new nameplate on comScore's CEO desk. It will belong to Serge Matta, who was appointed the company's chief executive effective March 1. He replaces the current CEO, firm co-founder Magid Abraham, who will become executive chairman of the board of directors.
Matta is a longtime comScore executive, and has served in numerous managerial positions since joining the company just after its founding in 1999. He has been its president since last June.
The company also released its Q4 and fiscal 2013 results. For the quarter, revenue hit an all-time record of $76.5 million, a 15% gain over Q4 2012's figure. Net income also notched a record, coming in at around $170,000 ($0.00 per diluted share) against a loss of $1.6 million ($0.05).
For the full year, revenue was $287 million, an improvement over 2012's $255 million. Net loss narrowed to $2.3 million ($0.07 per diluted share), compared to the year-ago figure of $11.8 million ($0.35).
The company also proffered guidance for its current Q1 and the entirety of 2014, saying for the former it expected revenue of $74.8 million to $76.7 million, with net loss of $3.1 million to $4.8 million. For the full year, the top line is anticipated to be $316.5 million to $327.5 million, with net ranging from a loss of $2.8 million to a profit of $6.7 million.
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