Friday, July 28, 2017

Nielsen Reports Increased 2Q Earnings

Net income rose 15.9% to $131 million, or 37 cents a share, from $113 million, or 31 cents a share, a year ago.

Revenues rose 3% to $1.6 billion.

Revenues for the Watch segment rose 10.3% to $821 million. Excluding the acquisition of Gracenote, revenues for audience measurement of video and text increased 4.3%.

“Our revenue in the quarter reflects solid growth in Watch, robust growth in Buy emerging markets and the contribution from our recent acquisition of Gracenote.” said CEO Mitch Barns.

“This was partially offset by continued softness in our U.S. Buy business which reflects the challenging operating environment for our large fast moving consumer goods clients. Our rigorous cost and commercial discipline in the quarter enabled us to deliver margin expansion, while also investing in our key growth initiatives.”

No comments:

Post a Comment