NEWS30 July 2021

Nielsen revenues up in Q2

Financials News North America

US – Nielsen’s revenues have risen 6.2% on the prior year period on a reported basis to a total $861m in the second quarter of 2021, the company’s latest financial results show.

Business data abstract

The results, which cover April, May and June 2021, show that audience measurement contributed $629m revenues a 4.3% year-on-year.

Nielsen said the financial results showed many local pressures on revenue had subsided, with solid growth particularly in digital measurement.

The outcomes and content division raised $232m in reported revenue, which was 11.5% higher than the prior year period, which Nielsen said was due to improving trends in short-cycle revenue, growth in content and the recovery in its sports business.

Net income from continuing operations attributable to Nielsen shareholders increased 207.1% to $86m, compared with $28m in the second quarter of 2020.

Adjusted earnings per share was $0.43 for the second quarter, compared to $0.35 per share in the prior year period.

David Kenny, chief executive officer at Nielsen, said: “We have increased confidence in our full-year outlook, which is reflected in our updated 2021 guidance. We continue to see healthy renewals from existing clients, growing interest from new clients, and steady progress in our global product development.

“We are executing well against our strategy and roadmap to create long-term value and are pleased with steady progress again this quarter.”

@RESEARCH LIVE

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