NEWS29 October 2021

Nielsen revenues rise in third quarter

Financials News North America

US – Nielsen has increased its revenues in the third quarter of 2021 by 5.5% on a reported basis from the same period in 2020, according to the company’s latest financial accounts.

David kenny nielsen CEO 2_crop

The results for July to September 2021 show that Nielsen had revenues of $882m, resulting in a net income per share of $0.31.

Audience measurement revenues rose 3.9% compared with the third quarter of 2020 to a total $637m on a reported basis.

Outcomes and content accounted for $245m revenue, a rise of 9.9% compared with the third quarter of 2020, which Nielsen said was down to improving external trends, solid growth in content and the recovery of its sports business.

The company also said it was on track to complete its cross-media measurement tool Nielsen One in 2022. Nielsen’s industry accreditation for its national television ratings service were suspended in September by the Media Rating Council.

Shareholders received a quarterly dividend of $0.06 per share of Nielsen’s common stock.

David Kenny (pictured), chief executive officer at Nielsen, said: “We are pleased with our strong third quarter results, building on our track record of execution and demonstrating continued progress on our strategic growth plan.

“In outcomes and content, growth was driven, in part, by improving trends post-Covid-19. Our updated guidance reflects our strong performance year to date and confidence in our ability to deliver on our objectives.”

@RESEARCH LIVE

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