Nielsen Holdings N.V. (NYSE: NLSN), a leading global provider of information and insights into what consumers buy and watch, today announced financial results for the quarter ended March 31, 2013.
Revenues for the first quarter increased 3% to $1,376 million, or 4% on a constant currency basis compared to the first quarter of 2012. Our revenue performance was driven by a 3% increase within our Buy segment (5% increase on a constant currency basis), a 4% increase within our Watch segment (4% on a constant currency basis) and a 7% decrease in our Expositions segment (7% on a constant currency basis). Global growth in Information services was driven by increased client investment in retail measurement, including the impact of additional coverage in the U.S. market. Our Insights services revenues declined due to lower discretionary spending by clients.
Adjusted EBITDA for the first quarter increased 5% to $349 million, or 6% on a constant currency basis compared to the first quarter of 2012. We continue to see the benefits of productivity efforts that enable our reinvestment in growth initiatives. Net income for the first quarter increased 36% to $34 million, or 53% on a constant currency basis compared to the first quarter of 2012. Net income per share, on a diluted basis, was $0.09 compared to $0.07 in the first quarter of 2012.
Adjusted Net Income for the first quarter increased 26% to $145 million, or 29% on a constant currency basis compared to the first quarter of 2012. Adjusted Net Income per share was $0.38 compared to $0.31 in the first quarter of 2012.
In February 2013, a secondary public offering of 40.8 million shares of our common stock was completed on behalf of certain selling stockholders, primarily comprised of the Sponsor group. All proceeds were received by the selling stockholders and the offering did not have a significant impact on our operating results or financial position.
Source: Nielsen Press Release
