Neustar, Inc. (NYSE: NSR), a trusted, neutral provider of real-time information services and analytics, announced its financial results for 2013:
Revenue for the year totaled $902.0 million, an 8% increase from $831.4 million in 2012. This increase was due to stronger demand for our Marketing Services and Data Services and an increase in NPAC fixed-fee revenue in Data Registries.
Operating expense for 2013 totaled $612.7 million, a 10% increase from $554.7 million in 2012. This increase was driven by investments to support business growth. In particular, personnel and personnel- related expense increased $24.5 million driven by stock-based compensation expense and increased headcount. In addition, professional fees increased to pursue new business opportunities and advertising and marketing costs increased to promote awareness of the company’s services.
“We made significant progress on our 2013 priorities. We delivered strong financial results, made investments to further our strategic objectives and aligned our organization to be client focused,” said Lisa Hook, Neustar’s President and Chief Executive Officer. “We will continue to build on this progress, and remain confident in our prospects for growth and profitability in 2014 as we execute our strategy.”
Business Outlook for 2014: Revenue to range from $945 million to $970 million or growth of 5% to 8%
About: Neustar, Inc. is a trusted, neutral provider of real-time information and analytics to the communications services, financial services, retail, and media and advertising sectors. Neustar applies its advanced, secure technologies to help its clients promote and protect their businesses. More information is available at www.neustar.biz.
Source: Neustar Press Release
