NEWS25 July 2012

Foreign exchange rates dampen Nielsen’s second quarter

Financials North America

US— Nielsen has reported a 1% decline in second quarter revenue to $1.39bn because of unfavourable foreign exchange rates. Growth measured in constant currency was up 4%.

Its consumer research arm, Buy, was down 2.5% to $849m (up 3.4% constant currency), while its media research segment, Watch, was up 2.3% to $498m ( 4% constant currency), with 4.7% growth in TV audience measurement being partially offset by negative foreign exchange effects. Expositions revenue was $38m.

Buy operating income was $110m, down $1m on a year ago, while Watch was up from $118m to $134m.

Nielsen CEO David Calhoun described the results, for the three months ended 30 June, as “solid”.