Nielsen Revenues Rise For Second Quarter
July 26, 2016 at 3:04 PM (PT)
NIELSEN HOLDINGS PLC second quarter 2016 revenues rose 2.4% (4/5% on a constant currency basis) to $1.596 billion. Buy segment revenues were flat at $852 million (up 3.3% on a constant currency basis), while Watch segment revenues were up 5.2% to $744 million (up 5.8% on a constant currency basis). Audio revenues (within the Watch segment) rose 1.7% on both reported and constant currency bases.
Due to foreign exchange fluctuations, net income fell 1.7% to $114 million (31 cents/diluted share), but increased 3.6% on a constant currency basis. Net income for the second quarter included restructuring charges of $34 million mostly related to market realignment in the Buy segment. Adjusted Net Income increased 4.5% (6.6% on a constant currency basis); Adjusted EBITDA increased 4.7% (6.5& on a constant currency basis) to $490 million.
“Once again, in the quarter we saw solid revenue growth, strong margin expansion and earnings growth driven by our scalable, consistent business model, investments, and a continuous focus on productivity. In the Watch segment, client adoption of our Total Audience Measurement system continues to gain momentum. The syndication of Digital Content Ratings for participating clients in MAY was a key milestone, and we remain on track for the syndication of Total Content Ratings for participating clients in the third quarter. We made important progress with key industry stakeholders toward the adoption of a new currency,” said CEO MITCH BARNS.
“In the Buy segment," BARNS added, "our growth in emerging markets continues to be robust, fueled by our ongoing focus on both local and multinational clients, as well as strengthening our portfolio through innovation. Globally, we are focused on Total Consumer Measurement, providing both manufacturer and retail clients with the complete view of the consumer, whether in-store, out-of-home or online. These efforts help clients both measure performance and drive improved outcomes.”