Nielsen Q4 Revenue Up 11.8%
Nielsen Holdings N.V. reported fourth quarter 2013 revenue was $1.6 billion, up 11.8% over the same period for the prior year.
In its first full earnings period since it acquired Arbitron, the ratings company told investors the integration is going smoothly and on-track to deliver the anticipated benefits to clients and shareholders.
Excluding the impact of the Arbitron acquisition, revenues increased 2.5%, or 3.7% on a constant currency basis.
Adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter increased 12.1% to $508 million, or 14.2% on a constant currency basis compared to the fourth quarter of 2012. “In addition to the favorable impact from the Arbitron acquisition, we continue to see the benefits of productivity efforts,” according to the company.
Cash balances were $564 million and gross debt was $6,640 million as of Dec. 31, 2013.
“I’m confident our steady and consistent growth will continue in 2014 and beyond, driving long-term shareholder value,” stated Nielsen CEO Mitch Barns.
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