- Nielsen Holdings (NYSE:NLSN) is 2% lower after today's Q2 earnings missed narrowly on revenues despite their 40th straight quarter of growth (in constant currency).
- Revenues grew 2.4% this quarter, 4.5% in constant currency. But net income dropped 1.7% to $114M (chiefly due to foreign exchange; it grew 3.6% in constant currency).
- Revenue by segment: Buy, $852M (flat); Watch, $744M (up 5.2%). In Buy: Developed Markets, $582M (flat); Emerging Markets, $270M (flat). In Watch: Audience Measurement, $491M (up 7.2%); Audio, $123M (up 1.7%); Marketing Effectiveness, $84M (up 13.5%); Other, $46M (down 14.8%).
- Cash and equivalents came to $346M; gross debt was $8B. Net capex was $112M, vs. a year-ago $97M.
- Cash flow from operations fell to $210M from a prior $253M; free cash flow fell to $98M from the prior $156M.
- Press Release