Nielsen Clocks 3% Revenue Growth In Q4 Backed By Measurement Revenue Growth; Plans $1B Buyback

Nielsen Holdings PLC NLSN reported fourth-quarter FY21 revenue growth of 2.9% year-on-year on a constant currency basis to $894 million, missing the consensus of $898 million.
Measurement revenues of $647 million increased 4.0% Y/Y. Impact / Content revenues of $247 million were flat Y/Y.
Adjusted EPS of $0.46 beat the consensus of $0.35.
Adjusted EBITDA margin of 39.3% decreased 435 bps Y/Y, reflecting the return of the temporary costs savings realized in 2020.
Nielsen held $380 million in cash and equivalents.
Share Buyback: Nielsen authorized up to $1 billion share buyback.
The board had declared a quarterly dividend of $0.06 per share, payable on March 17, 2022, to shareholders of record on March 3, 2022.
Outlook: Nielsen sees FY22 revenue growth on a constant currency basis of 3.5% to 4.5%.
Nielsen sees FY22 adjusted EPS of $1.81 - $1.91 compared to the consensus of $1.81.
Price Action: NLSN shares traded higher by 8.14% at $19.00 in the premarket on the last check Monday.