Nielsen Q3 Revenues Down 2.5%

Revenues Down 2.5%

NIELSEN HOLDINGS has released its third quarter 2018 results, showing revenues down 2.5% year-to-year (0.6% on a constant currency basis) to $1.6 billion. Net income per diluted share froll from 41 to 27 cents per share. Cash flow from operations fell from $538 million to $387 million, and free cash flow dropped from $425 million to $266 million.

"The third quarter revenue and earnings are consistent with our updated 2018 guidance despite a number of near-term challenges in our markets. We have a number of key initiatives and actions that we are pursuing to improve our future outlook," said Exec. Chairman of the Board JIM ATTWOOD. "Together with the Board of Directors, we are aligned on a set of operational priorities to drive the business forward. In addition, the Board of Directors, with the assistance of our advisors and management team, is focused on the expanded strategic review that we announced in SEPTEMBER, which includes a broad review of strategic alternatives for NIELSEN and its businesses."

Chief Financial Officer DAVE ANDERSON commented, "In the third quarter, we continued to drive adoption of Total Audience Measurement. In Buy, we saw a continuation of challenging end market trends. The leadership team remains focused on executing key growth initiatives to drive improved results. We are also making good progress on efficiency initiatives which are generating increased net productivity in 2018. Importantly, we are reiterating our 2018 guidance for revenue, adjusted EBITDA, and GAAP EPS. However, we are lowering our 2018 free cash flow guidance from $550 to $575 million to $450 to $500 million due to continued working capital headwinds."

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