Nielsen sees ‘solid’ performance in Q2 as it launches $500m buyback program
Revenue for the quarter increased 3% compared with Q2 2012 to $1.39bn with a 2% growth in Nielsen’s buy segment and 5% in it’s watch segment.
Adjusted EBITDA for the quarter grew 6% to $396m while net income for the quarter grew 306% to $426m – with $303m gained from the sale of its Expositions business.
“Nielsen’s second quarter results reflected solid operating and financial performance,” said the company’s CEO David Calhoun.
The company also announced a 25% increase in quarterly dividend to $0.20 and $500m shares repurchase authorisation.
Calhoun added: “The actions we announce today reflect our continued focus on long-term shareholder value and confidence in the cash generation potential of the company.”
We hope you enjoyed this article.
Research Live is published by MRS.
The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.
Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.
For example, there's an archive of winning case studies from over a decade of MRS Awards.
Find out more about the benefits of joining MRS here.
0 Comments