NIQ Continues Strong Growth in Q3

Global consumer intelligence provider NIQ has reported organic, constant currency revenue growth of 5.8% to $1,052.6 million in the third quarter, and also increased profit - adjusted EBITDA rose 24.9% to $223.7 million.

Results were ahead of expectations and the company raised its full year guidance to 5.5% - 5.6% OCC revenue growth, and c.22% adjusted EBITDA margin.

Revenue growth was led by EMEA - up 8.8% to $473.8m, while in the Americas it rose 4.1% to $403.3m and in APAC 2.2% to $175.5m. Increases for the company's Intelligence services were slightly higher in all regions than for its Activation offering, although both sides grew.

CEO and Executive Chairman Jim Peck (pictured) said the quarter was another strong one, and 'further proof of our business transformation yielding a strengthening financial profile,' pointing in particular to the role of AI as 'a powerful accelerator' for the company, 'widening and deepening its data moat, enhancing client outcomes, and driving operational efficiency throughout [the] business.'

Web site: www.niq.com .

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