The online advertising space seems to be littered with stacks of Monopoly money. Google
Q3 revenues came in at $22.4 million, up 39% over the past year. Net income was $3.8 million, or $0.12 per share, and adjusted EBITDA was $4.5 million, up 70%. comScore added 51 new customers in Q3, bringing its total to 837. Its international business also spiked 61% to $2.5 million, representing about 11% of total revenue.
To leverage its growing customer base, comScore has been aggressively investing in product development. The company launched five new products in Q3, in categories including behavioral targeting, search, and rich media advertising.
Despite all this, comScore's stock has plunged 18% over the past two days. I think the market's main concern is that the company has retained Credit Suisse
Nonetheless, I'm still bullish on the stock. The company has marquee clients like Verizon