Nielsen sees Q1 growth despite insights revenue drop
Its revenues were boosted by a 3% increase within its Buy segment, a 4% increase within its Watch segment and a 7% decrease in its Expositions segment.
The company said global growth in information services was driven by increased client investment in retail measurement, including the impact of additional coverage in the US market.
However, Nielsen added that its insights services revenues declined due to lower discretionary spending by clients.
“Nielsen delivered solid revenue growth and strong operating performance in the first quarter,” said David Calhoun, CEO of Nielsen. “Our results reflect our continued ability to create value for our clients and we remain well-positioned to achieve our 2013 expectations.”
Adjusted EBITDA for Q1 2013 increased 5% to $349m while net income increased 36% to $34m or 53% on a constant currency basis (CCB) compared to Q1 2012.
Adjusted net income for Q1 increased 26% to $145m or 29% on CCB compared to the first quarter of 2012.
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