Nielsen Revenues Up 5.0% in Third Quarter

Nielsen has reported a 5.0% constant currency increase in third quarter revenue to $1.53bn on a basis, and adjusted EBITDA up 6.9% to $479m on the same basis.

The firm says this marks its 37th consecutive quarter of constant currency revenue growth.

Reported revenue fell 2.6% due to the impact of foreign exchange. Net income was up 102.9% to $142m, and adjusted net income rose 9.4% to $256m.

Revenues within the Buy consumer purchase behavior segment increased 4.1% to $816m - the net result of 3.1% growth in developed markets and 6.3% in emerging markets. In the Watch media research business, revenues were up 6.1% to $715m, driven by 7.0% constant currency growth in audience measurement.

CEO Mitch Barns (pictured) comments: 'Nielsen's third quarter results exemplify our strong value-generating business model with revenue growth of 5.0%, consistent margin expansion across both our Watch and Buy businesses on a constant currency basis, and record quarterly free cash flow generation, up 19% over last year. The initial release of Digital Content Ratings has gone smoothly and we're pleased with the feedback we've received as it is the final piece of our Total Audience Measurement framework'.

Web site: www.nielsen.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

• Nielsen Media Research
• All news