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Good Third Quarter for Nielsen
Nielsen has announced third quarter revenue up 5% year-on-year, on a constant currency basis, to $1.423bn, with its Buy (4%) and Watch (5%) segments both contributing. Adjusted EBITDA rose 7% on the same basis to $424m.
Third quarter adjusted Net Income per share rose to $200m from $181m: equivalent to $0.53 per share ($0.48 in Q3 2011). Looking at the first nine months of 2012, revenue rose 4% (constant currencies) to $4,148bn, and adjusted EBITDA rose 6% to $1.145bn.
The company said increased client investment in retail measurement had more than offset declines in taker for its Insights services, where clients were cutting spending on a global basis.
CEO David Calhoun comments: 'Nielsen had solid performance in the third quarter, with healthy growth in recurring revenue and margin expansion. Our resilience given today's economic environment demonstrates the value we deliver to clients, and we will continue to invest to support their global business priorities.'
In a conference call today, Calhoun was bullish about the progress of the research giant's Online Campaign Ratings service (OCR) (rolled out in the UK last week) and its recently launched Cross-Platform Campaign Ratings (XCR), which it said was already getting 'significant uptake', led by WPP's GroupM.
Web site: www.nielsen.com .
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