- Nielsen N.V. NLSN reported first-quarter FY21 revenue growth of 2.5% year-on-year on a constant currency basis to $877 million, missing the consensus of $879.3 million.
- Measurement revenues of $645 million increased 2.7% Y/Y (CC). Impact / Content revenues of $232 million were up 1.8% Y/Y (CC).
- Adjusted EPS of $0.45 beat the consensus of $0.42.
- Adjusted EBITDA margin of 42.4% decreased 279 bps Y/Y, reflecting the return of the temporary costs savings realized from pandemic actions.
- Nielsen held $482 million in cash and equivalents and generated $219 million in operating cash flow.
- The board had declared a quarterly dividend of $0.06 per share on April 14.
- Outlook: Nielsen reiterated FY22 revenue growth of $3.60 billion - $3.64 billion versus the consensus of $3.62 billion.
- Nielsen reiterated FY22 adjusted EPS of $1.81 - $1.91 compared to the consensus of $1.83.
- Price Action: NLSN shares traded higher by 1.92% at $26.84 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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