Ratings and software provider Arbitron reported that its revenue was up 8.3% in the first quarter. Net income increased 13.2% and net income per share 10.4% over the same period a year ago.
It took in $71.4 million in the first three months of the year, an increase of 8.3% over last year’s Q1.
Stephen Morris, president and CEO, stated, “We met our financial goals for revenue and profitability, a gratifying performance during a period in which global events brought a great deal of last minute uncertainty to the media industry.
“We have worked hard to keep our core services – ratings, Scarborough and software – as valuable, revenue-generating resources for our broadcaster, cable, agency and advertiser customers.”
Reviewing activity in the quarter, Morris said Arbitron had strengthened its relationship with Nielsen Media Research, Inc., its potential joint venture partner for deployment of the Portable People Meter in the United States. He said Arbitron also is developing other applications for the PPM that it could implement on its own.
He said the PPM continues to make inroads abroad as well, although Australian radio has deferred a decision regarding electronic measurement.
Business Good at Arbitron
Business Good at Arbitron
