NEWS2 August 2013

Arbitron loses $3m in net income for Q2

Financials North America

Media and marketing research firm Arbitron lost nearly $3m in net income in Q2 2013 despite a $3m rise in revenues compared with the same period the previous year according to the period’s financial results.

Net income under GAAP came in at $7.1m for the second quarter of 2013 compared with $10m in 2012 while revenues saw an increase of $3m from $104.4m to $107.4m.

EBIT earnings for Q2 was $12.9m compared with $16m Q2 2012 but the company said the reduced earnings was as a result of $6.1m in costs for the pending Nielsen transaction incurred during the quarter.

Arbitron president and CEO Sean Creamer said: “In the second quarter, we maintained focus on our long term priorities: investing in and growing our core radio services, evaluating and implementing quality initiative to enhance the value and utility of our offerings.”