Arbitron Reports Q4, 2011 Full-Year Financials
February 14, 2012 at 4:40 AM (PT)
ARBITRON has announced results for the fourth quarter and full year ended DECEMBER 31st, 2011.
Net income for the fourth quarter 2011 was $14.1 million, or $0.51 per share (diluted), compared with $15.6 million, or $0.57 per share (diluted) for the fourth quarter of 2010. Net income for the fourth quarter of 2011 was "reduced by a $3.5 million pre-tax, non-cash impairment charge associated with the Company's minority stake in a privately-held media research firm as well as a $2.1 million pre-tax operating loss for ARBITRON MOBILE OY (previously known as ZOKEM OY), which was acquired in JULY 2011."
Net income for the full year 2011 increased 19.8% to $53.3 million compared with $44.5 million in 2010.
The Company reported revenue of $120.1 million during the fourth quarter of 2011, an increase of 7.6% compared to revenue of $111.7 million during the fourth quarter of 2010.
For the full-year ended DECEMBER 31, 2011, revenue was $422.3 million, an increase of 6.8% compared to revenue of $395.4 million for 2010.
Pres./CEO WILLIAM T. KERR said, "In 2011, we made significant progress toward achieving the objectives we outlined during last year's call: growth in our core revenue, improved margins in the wake of the full commercialization of our PPM radio ratings service, and entry into new markets in the US and overseas.
"Importantly, we were able to expand our margins while making investments in both the quality of our core services and in our growth strategies such as digital radio, cross platform and mobile measurement.
"For 2012 and beyond, we see our basic strategies as unchanged. We will pursue opportunities to improve performance and deliver compelling returns by leveraging our existing PPM and diary platforms, by continuing to seek out cost efficiencies and by deploying our financial and other resources to cultivate new markets. We will pursue these strategies with the goal of building long-term value for our customers, our employees and our shareholders."