Nielsen Beats On Q2 Earnings, Raises FY21 Outlook

Nielsen Holdings PLC NLSN reported second-quarter FY21 revenue growth of 6.2% year-on-year to $861 million, beating the analyst consensus of $851.4 million.
Revenues from Audience Measurement rose 4.3% Y/Y to $629 million, and Outcomes & Content increased 11.5% Y/Y to $232 million.
Adjusted EPS of $0.43 beat the analyst consensus of $0.36.
Adjusted EBITDA margin increased 216 basis points to 43.0%, reflecting the strong revenue performance and the benefit of permanent cost actions implemented during the second half of 2020.
Nielsen generated $213 million in operating cash flow and held $410 million in cash and equivalents.
The company continues to see healthy renewals from existing clients, growing interest from new clients, and steady progress in its global product development, CEO David Kenny stated.
Outlook: Nielsen raised FY21 revenue growth guidance from 2% - 3% to 2.5% - 3% or $3.475 billion-$3.492 billion against the analyst consensus of $3.48 billion.
It raised the adjusted EPS guidance from $1.47 - $1.58 to $1.54 - $1.61 versus the analyst consensus of $1.54.
Price action: NLSN shares traded lower by 0.02% at $24.05 on the last check Thursday.