Revenue for the quarter was $1.6 billion, however net income decreased 1.7% to $114 million. The company says that was mainly due to the impact of foreign exchange. Net income increased 3.6% on a constant currency basis. Audio revenues grew 1.7% on a reported and constant currency basis.
Revenues in the Nielsen Buy segment were flat at $852 million due to the impact of foreign exchange, but increased 3.3% on a constant currency basis. Buy revenues in developed markets were flat due to the impact of foreign exchange but increased 0.9% on a constant currency basis due to modest strength in core measurement, which was partially offset by softer discretionary spend. Buy emerging markets revenues were flat due to the impact of foreign exchange but increased 8.9% on a constant currency basis, as Nielsen’s unparalleled global footprint remains a core competitive advantage for both local and multinational clients.
Revenues in Nielsen’s Watch segment increased 5.2%, or 5.8% on a constant currency basis, to $744 million. Audience Measurement of Video and Text revenues increased 7.2%, or 7.9% on a constant currency basis, due to the continued client adoption of the company’s Total Audience Measurement framework and ongoing investments. Audio revenues grew 1.7% on a reported and constant currency basis. Marketing Effectiveness grew by 13.5%, or 15.1% on a constant currency basis.
