Nielsen Holdings N.V. (NYSE:NLSN), a leading global provider of information and insights into what consumers watch and buy, today announced financial results for the third quarter ended September 30, 2013.
“Nielsen’s third quarter represented consistent revenue and profit growth driven by our ongoing commitment to innovation and global expansion,” said David Calhoun, Chief Executive Officer of Nielsen.
Calhoun continued, “The quarter also marked the completion of the Arbitron acquisition, which has been rebranded as Nielsen Audio. The integration is progressing smoothly and we are excited about the opportunities that lay ahead as we feel confident the combined company will continue to drive incremental value for customers and shareholders.”
Third Quarter 2013 Operating Results
Revenues for the third quarter increased 2.7% to $1,387 million, or 3.7% on a constant currency basis compared to the third quarter of 2012.
Within the Buy business, revenues increased 2.2% to $871 million, or 3.3% on a constant currency basis. Growth in Information Services was steady, but muted by the year-over-year Walmart comparable bringing constant currency revenue growth to 1.8%. Insights Services grew 8.4% on a constant currency basis, driven by increased client demand for our analytic services versus last year. Total revenue from developing markets grew 7.5% on a constant currency basis, with double-digit growth in many key markets as both global and local clients continued to increase their demand for our retail measurement services and analytics.
Within the Watch business, revenues increased 3.4% to $516 million, or 4.2% on a constant currency basis, primarily driven by 5.0% constant currency growth in core Television measurement. This was partially offset by the ongoing exit of certain international online legacy products.
Adjusted EBITDA for the third quarter increased 4.2% to $398 million, or 5.6% on a constant currency basis compared to the third quarter of 2012. We continue to see the benefits of productivity efforts that enable our reinvestment in growth initiatives.