Nielsen Holdings Plc (NLSN) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

News Release

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Revenues increased 5.5% to $882 million on a reported basis, 5.1% on a constant currency basis & 6.6% organic

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Net income per share of $0.32 (diluted, from continuing operations); Adjusted EPS of $0.45

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Raising 2021 revenue and EPS guidance; raising low end of adjusted EBITDA and Free Cash Flow guidance

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On track to deliver Nielsen One, transformative single cross-media measurement solution, in 2022

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Third quarter revenues increased 5.5% to $882 million on a reported basis, 5.1% on a constant currency basis, and 6.6% on an organic basis compared to the prior year period. 

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Audience Measurement revenues of $637 million increased 3.9% on a reported basis, 3.7% on a constant currency basis, and 4.4% on an organic basis compared to the prior year period. Overall growth was solid, with national and digital measurement products showing strength, and with growth in local products.  

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Outcomes & Content revenues of $245 million increased 9.9% on a reported basis, 8.9% on a constant currency basis, and 12.5% on an organic basis compared to the prior year period. This was driven in part by improving trends in short-cycle revenue, solid growth in Content, and recovery in the Sports business.

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Net income from continuing operations attributable to Nielsen shareholders increased 18.2% to $117 million, compared to $99 million in the third quarter of 2020. Net income from continuing operations per share on a diluted basis for the third quarter was $0.32, compared to $0.28 in the third quarter of 2020. The improvement in net income from continuing operations was driven by strong revenue performance, the ongoing benefit of permanent cost actions from the 2020 optimization plan, lower interest expense and lower depreciation and amortization expense in the third quarter of 2021. In addition, the third quarter of 2020 included an impairment of long-lived assets. 

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Reported EPS of $0.28 includes EPS of $0.33 from continuing operations and EPS of $(0.05) from discontinued operations.