Nielsen Clocks 3 Percent Revenue Growth In Q4 Backed By Measurement Revenue Growth; Plans $1Billion Buyback

A trader is reflected in a market screen on the floor of the New York Stock Exchange (NYSE) in New York, on Aug. 25, 2015. Spencer Platt/Getty Images

Nielsen Holdings PLC reported fourth-quarter FY21 revenue growth of 2.9 percent year-on-year on a constant currency basis to $894 million, missing the consensus of $898 million.

Measurement revenues of $647 million increased 4.0 percent Y/Y. Impact / Content revenues of $247 million were flat Y/Y.

Adjusted EPS of $0.46 beat the consensus of $0.35.

Adjusted EBITDA margin of 39.3 percent decreased 435 bps Y/Y, reflecting the return of the temporary costs savings realized in 2020.

Nielsen held $380 million in cash and equivalents.

Share Buyback

Nielsen authorized up to $1 billion share buyback.

The board had declared a quarterly dividend of $0.06 per share, payable on March 17, 2022, to shareholders of record on March 3, 2022.

Outlook

Nielsen sees FY22 revenue growth on a constant currency basis of 3.5 percent to 4.5 percent.

Nielsen sees FY22 adjusted EPS of $1.81–$1.91 compared to the consensus of $1.81.

By Anusuya Lahiri 

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