Nielsen Q2 Revenues Increase 15% to $1.59 Billion

RADIO ONLINE | Tuesday, July 29, 2014

Nielsen reported second quarter revenues increased 15% to $1.59 billion, or 15.9% on a constant currency basis when compared to 2013. Revenues, excluding the impact of the Arbitron and Harris acquisitions, increased 4.4%, or 5.2% on a constant currency basis. Revenues within the Buy segment grew 6.6%, or 7.9% on a constant currency basis, to $900 million. On a constant currency basis, Information services revenue grew 5%, while Insights revenue grew 17.9%, or 4.2% excluding Harris.

Revenues within the Watch segment increased 28%, or 28.3% on a constant currency basis, to $694 million. Excluding the Arbitron acquisition, Watch revenues increased 5.7%, or 5.9% on a constant currency basis, driven by continued strength in Audience Measurement, including accelerating demand in Digital and Advertiser Solutions.

Adjusted EBITDA for the second quarter increased 16.2% to $460 million, or 17.9% on a constant currency basis compared. Income from continuing operations declined 36.1% to $76 million, or 33.9% on a constant currency basis. Income from continuing operations per share, on a diluted basis, was $0.19 compared to $0.31 in the year-ago period.

"Our second quarter results reflect the underlying strength of our Buy and Watch businesses, the successful integration of Arbitron and our steady and consistent business model. We continue to extend our leadership positions in both retail and audience measurement with meaningful innovation and great execution. Our focus on measuring and improving performance for our clients continues to be a powerful combination and positions us well to deliver long-term value to our shareholders," commented CEO Mitch Barns.