Nielsen Revenues Rise For Second Quarter
July 30, 2014 at 3:57 AM (PT)
NIELSEN N.V. second-quarter revenues increased 15% to $1,594 million (15.9% on a constant currency basis); excluding the impact of the ARBITRON and HARRIS acquisitions, revenue increased 4.4%. Information services revenue rose 5%, Insights revenue showed a 17.9% increase (4.2% excluding HARRIS), and Watch segment revenues, boosted by the ARBITRON acquisition, increased 28% to $694 million (5.7% without ARBITRON included). Adjusted net income jumped 28% to $240 million (62 cents/diluted share).
CEO MITCH BARNS said, "Our second-quarter results reflect the underlying strength of our Buy and Watch businesses, the successful integration of ARBITRON and our steady and consistent business model. We continue to extend our leadership positions in both retail and audience measurement with meaningful innovation and great execution. Our focus on measuring and improving performance for our clients continues to be a powerful combination and positions us well to deliver long-term value to our shareholders."
On the company conference call as transcribed by SEEKING ALPHA, BARNS said that the company has been "hard at work at developing our digital audio measurement capabilities that the market very much needs, and we've made good progress. Our measurement technology is rolling out, with more than 20 clients currently in various stages of implementation, and we're already in the pilot phase of measurement for many of these clients."
And asked by MORGAN STANLEY's SUZANNE STEIN about radio measurement on an international basis, BARNS said that the company had some radio measurement contracts even before acquiring ARBITRON and that expansion depends on which contracts come up for renewal in a particular year. "We position ourselves against the ones that we think are the best opportunities. And then we're going to win more than our fair share of those going forward, and TURKEY is a good example of that," BARNS said.