Currency Effect Spoils Solid Q2 for Nielsen

Nielsen has reported a 1% fall in second quarter revenue to $1.39 billion as a result of weak foreign currency exchange rates - but on a constant currency basis, revenue was up 4%.

Media research unit Watch outperformed consumer research division Buy, with revenue for the former up 2% and for the latter down 3% before allowing for currency. Overall, net income increased to $103m from $69m in 2011, driven by a reduction in costs, while adjusted net income rose to $157m from $155m in the prior year period.

CEO David Calhoun (pictured) commented: 'Nielsen delivered solid second quarter results that reflect the reliable growth and stability of our businesses.'

For the six months ended June 2012, revenues increased 1% to $2.75 billion, or 4% on a constant currency basis compared with the first half of 2011; and net income was $128m compared with a net loss of $112m in the first six months of 2011, which included charges of $206m associated with the firm's IPO.

Web site: www.nielsen.com .