Nielsen Holdings Q3 Revenue Lags

Nielsen Holdings Wednesday announced third quarter 2015 results.

Revenues were $1,531 million for the third quarter of 2015, down 2.6% due to the impact of foreign exchange, but up 5.0% on a constant currency basis, compared to the third quarter of 2014. This marks the company’s 37th consecutive quarter of constant currency revenue growth.

“Nielsen’s third quarter results exemplify our strong value-generating business model with revenue growth of 5.0%, consistent margin expansion across both our Watch and Buy businesses on a constant currency basis, and record quarterly free cash flow generation, up 19% over last year. Our growth was driven by many important competitive wins all over the world. Our Buy business, which grew 4.1%, had its fifth consecutive quarter of margin expansion, both on a constant currency basis. Our Watch segment grew 6.1% on a constant currency basis due to strength in Audience Measurement, as our clients embed our digital measurement and analytics into their day-to-day decision-making.” said Mitch Barns, Chief Executive Officer of Nielsen.

Mitch Barnes

Barns continued, “The initial release of Digital Content Ratings has gone smoothly and we’re pleased with the feedback we’ve received as it is the final piece of our Total Audience Measurement framework. We know how important the execution of our product roadmap and the subsequent industry adoption of our solutions is to our ability to drive value for our clients and we feel very confident about our progress here. As our products continue to gain traction, we’re having meaningful conversations with clients and major industry voices in order to move toward a new definition of the currency ratings.”