Good day, and thank you for standing by. Welcome to the Comscore First Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, John Tinker, Head of Investor Relations. Please go ahead.

Thank you, operator. Before we begin our prepared remarks, I'd like to remind all of you that the following discussion contains forward-looking statements. These forward-looking statements include comments about our plans, expectations and prospects and are based on our view as of today, May 6, 2025. Our actual results in future periods may differ materially from those currently expected because of a number of risks and uncertainties. These risks and uncertainties include those outlined in our 10-K, 10-Q and other filings with the SEC, which you can find on our website or at www.sec.gov. We disclaim any duty or obligation to update our forward-looking statements to reflect new information after today's call. We will be discussing non-GAAP measures during this call to which we have provided reconciliations in today's press release and on our website. Please note that we will be referring to slides on this call, which are also available on our website, www.comscore.com, under Investor Relations, Events & Presentations. I'll now turn the call over to Comscore's Chief Executive Officer, Jon Carpenter. Jon?

All right. Thanks, everyone, for joining us this evening. In the first quarter, we continued to make progress in the areas of our business critical to our strategy. We delivered another quarter of double-digit growth in cross-platform, coupled with strong results in local, which came on the back of key renewals and new business wins fueling double-digit growth versus the same quarter a year ago. In addition, we earned another accreditation from the MRC, this time for our demos as part of our Comscore TV measurement offering. For those keeping score, Comscore remains the only TV measurement solution in market that meets the MRC standards for both local and national TV measurement. No other measurement player in the market can say that, and I'm incredibly proud of the work our team has done to get us to this point. We also launched our cross-platform content measurement solution in January, giving clients an omnichannel view of how audiences are engaging with content regardless of where it's consumed, across linear, streaming, social or the open web, setting Comscore up as the one-stop shop for cross-platform audience insights and measurement. Since launching in January, we are already seeing client adoption and are encouraged by the pipeline that is emerging as we progress through the year. With regards to our operational execution, we have made meaningful progress in addressing legacy workflows and technical debt, which has allowed us to deliver for our clients with greater speed and less friction. Those efforts are also contributing to year-over-year improvements in our adjusted EBITDA. While I'm encouraged by the progress we are making, it's also clear we're operating in a macro environment that has become, at best, uncertain. That uncertainty has an impact, broadly speaking, on ad spend. And when the market is healthy, digital ad spend…

Thank you, John. Total revenue for the first quarter was $85.7 million, down 1.3% from $86.8 million the same quarter a year ago. Content & Ad Measurement revenue of $73.2 million was slightly up from the prior-year quarter, driven by growth in our cross-platform and local TV offerings. Cross-platform revenue of $9.7 million was up 20.5% compared to the prior year, driven by growth in Proximic and Comscore Campaign Ratings, along with the rollout of Comscore Content Measurement. Syndicated audience revenue of $63.5 million was down 1.7% from the prior-year quarter, primarily driven by declines in our national TV and syndicated digital products from lower renewals. These declines were partially offset by double-digit growth in local TV due to higher renewals and new business in the quarter. Our movies business remained strong, generating $9.4 million of revenue in the first quarter, up 2.6% from the prior year. Research & Insights Solutions revenue of $12.5 million was down 11.5% from Q1 of 2024, in line with our expectations, primarily due to lower renewals and the timing of deliveries for certain custom digital products. Based on what we know today, we expect these revenue trends to continue in the second quarter and improve as we move into the back half of the year. On an FX-neutral basis, adjusted EBITDA for the first quarter was $7.4 million, up 2.8% from the prior-year quarter, resulting in an adjusted EBITDA margin of 8.6%. We remain disciplined in our spending and continue to take additional cost savings actions to operate more efficiently. This has allowed us to improve our adjusted EBITDA results for the quarter, even with lower revenue. Our core operating expenses in the first quarter were slightly down year-over-year, driven by a decline in data costs related to the amendment we entered into with…

Thank you. At this time, we will conduct the question-and-answer session. [Operator Instructions] Okay. Showing no questions, I would now like to turn it back to Jon Carpenter, CEO, for closing remarks. : :

All right. Thank you. I'd like to recognize and thank our employees for their hard work to help Comscore deliver for our clients. Further, I'd like to thank our investors and clients for their continued trust and partnerships. Thanks for joining us this evening, and we'll be talking to you soon.

Thank you for your participation in today's conference. This does conclude the program. You may now disconnect.