Nielsen Q2 Revenue Back to 2019 Levels

Nielsen has announced a 6.2% increase in second quarter revenues to $861m on both a reported and organic basis (4.5% in constant currency terms), up from $811m in the prior year period, and similar to revenue for the Global Media half of the business in Q2 2019.

The results follow the sale of the company's consumer business Nielsen Connect. A year ago, the Global Media business reported revenue down 4.6% in constant currency terms, blaming among other things a big fall in Plan/Optimize revenues and the pandemic's impact on sports and non-contracted revenue.

For the quarter ended June 30th 2021, Audience Measurement revenues of $629m increased 4.3% on a reported basis, 3.3% in constant currency terms, and 4.0% on an organic basis, compared with Q2 2020. Outcomes & Content revenues of $232m were up 11.5% on a reported basis, 7.9% in constant currency terms, and 12.6% on an organic basis - driven in part by 'solid growth' in Content, and recovery in the Sports business.

Cash flow from operations decreased to $213m from $250m in the prior year period, resulting primarily from the sale of Global Connect. Net income from continuing operations rose 207.1% to $86m; and adjusted EBITDA was $370m, up from $331m, a rise of 11.8% on a reported basis and 11.1% on a constant currency basis.

CEO David Kenny (pictured) comments: 'Our quarterly financial results demonstrate our continued strategic and operational transformation, as the global media ecosystem evolves. We continue to see healthy renewals from existing clients, growing interest from new clients, and steady progress in our global product development. We are executing well against our strategy and roadmap to create long-term value and are pleased with steady progress again this quarter'.

Web site: www.nielsen.com .