Arbitron Q1 Revenue Up 5.1%, But Higher Expenses Lower Profits
May 7, 2013 at 2:48 PM (PT)
ARBITRON INC. reported Q1 revenue of $111.8 million, an increase of 5.1% compared to revenue of $106.4 million during the first quarter of 2012. Q1 Net income, however, was $16.3 million, compared with $17.8 million, because costs and expenses for the first quarter were $81.4 million, an 8.3% increase over the previous year.
"In the first quarter, we continued to pursue our long-standing objectives: maintaining our investments in the quality of our radio ratings services, growing our core revenue, and entering new markets such as digital radio, cross-platform, and mobile," ARBITRON Pres./CEO SEAN R. CREAMER said. "Our focus on the quality of our core services helped us achieve MRC accreditation of four additional PPM markets in FEBURARY. Our goal remains achieving or maintaining accreditation in all our syndicated radio markets.
"We continue working to leverage our investment in the PPM technology and consumer panels utilizing our platform in new initiatives such as advertising and promotion effectiveness studies, while enhancing our measurement capabilities for radio and across platforms."
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