Revenue for the ratings firm was $1.66 billion for the fourth quarter of 2016, which is an increase of 2% over 2015. Net income for the quarter decreased 36.7% on a reported and constant currency basis to $159 million, compared to the fourth quarter of 2015. This was due to gains of $206 million recorded during the fourth quarter of 2015, primarily associated with an increased stake in Nielsen Catalina Solutions that did not recur in 2016. The company reported that audio was down 1.6% in the quarter, however, audio was nearly flat for the year, while generating outstanding margins and strong free cashflow.
Revenue was $6.3 billion for the full year of 2016, up 2.2% over 2015. Net income for the year decreased 11.9%, or 11.2% on a constant currency basis, to $502 million, compared to 2015, as gains of $206 million recorded during the fourth quarter of 2015 did not recur in 2016, and higher restructuring charges were partially offset by solid operating earnings.
