Nielsen Releases Fourth-Quarter Financials
February 11, 2016 at 6:30 AM (PT)
NIELSEN HOLDINGS PLC fourth-quarter 2015 revenues fell 0.6% to $1.624 billion, but the decline was due to foreign exchange rates; otherwise, the number was up 5.6% on a constant currency basis. On a constant currency basis, Buy segment revenues rose 5.9% to $879 million and Watch segment revenues rose 5.2% to $745 million, driven by client adoption of Total Audience Measurement, including digital measurement offerings. However, within the Watch segment, Nielsen Audio revenues fell 6.9% on a constant currency basis, based on delivery timing.
Net income jumped 84.1% on a constant currency basis to $254 million (68 cents/diluted share), largely from gains earned by an increased stake in NIELSEN CATALINA SOLUTIONS; Adjusted net income was up 3.1% on a constant currency basis to $300 million.
“2015 was a banner year for our company with the rollout of NIELSEN Total Audience Measurement, new client wins across both our Watch and Buy segments, and the launch of the Nielsen enterprise marketing platform driven by our acquisition of eXELATE. In addition, throughout the year we returned over $1 billion in cash to shareholders in the form of dividends and share repurchases. These successes are a testament to our investment strategy as well as our commitment to consistently deliver shareholder value,” said CEO MITCH BARNS.
“We look forward in 2016 with confidence," BARNS added. "In times of economic turmoil and market volatility, the strengths of NIELSEN’s resilient business model are most evident. Our consistent mid-single digit constant currency revenue growth, margin expansion and free cash flow generation continue to be fueled by our core measurement and analytics businesses which remain stronger than ever. Our independence, gold-standard measurement, rapidly developing platform for precision marketing, and successful framework for Total Audience Measurement, are some of the most important underpinnings of this resilience, and our client relationships continue to grow as a result.”