Earnings release
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News Release Investor Relations : Sara Gubins , +1 646 654 8153 ; sara.gubins@nielsen.com Media Relations : Connie Kim , +1 240 274 9999 ; connie.kim @ nielsen.com NIELSEN REPORTS 3rd QUARTER 2021 RESULTS ● Revenues increased 5.5 % to $ 882 million on a reported basis , 5.1 % on a constant currency basis & 6.6 % organic Net income per share of $ 0.32 ( diluted , from continuing operations ) ; Adjusted EPS of $ 0.45 Raising 2021 revenue and EPS guidance ; raising low end of adjusted EBITDA and Free Cash Flow guidance On track to deliver Nielsen One , transformative single cross - media measurement solution , in 2022 ● Nielsen New York - October 28 , 2021 - Nielsen Holdings plc ( NYSE : NLSN ) announced its results for the third quarter ended September 30 , 2021. The Company also increased its 2021 guidance , raising its revenue and adjusted earnings per share ( " EPS " ) ranges , and raising the low - end of its adjusted EBITDA and Free Cash Flow guidance ranges . David Kenny , Chief Executive Officer , commented , " We are pleased with our strong third quarter results , building on our track record of execution and demonstrating continued progress on our strategic growth plan . In Audience Measurement , clients see the value in our enhanced and expanded products , and it is driving strong performance across national media and digital - first clients . In Outcomes and Content , growth was driven , in part , by improving trends post - Covid , and we are continuing to build on our global leadership position . Our updated guidance today reflects our strong performance year to date and confidence in our ability to deliver on our objectives . " " The media ecosystem is undergoing significant change as viewing accelerates to streaming . We are making strong progress advancing the development of Nielsen One , our cross - media measurement solution , to provide the market with comparable metrics across streaming and TV . We are building on our strong foundation in linear and digital , we have a clear timeline leading up to the launch in the fourth quarter of 2022 , and we are delivering on interim milestones as planned . We believe that Nielsen is the only company positioned to deliver effectively on the promise of representative , currency - grade cross - platform measurement that is essential to the industry . " Third Quarter 2021 Results Unless indicated otherwise , the results referenced in this press release relate to Nielsen's continuing operations . Beginning in the first quarter of 2021 , Global Connect results were reclassified to discontinued operations for all periods presented . Non - GAAP metrics have been adjusted to exclude certain interest costs , as if the sale of Global Connect and resulting de - levering occurred on January 1 , 2020 . Third quarter revenues increased 5.5 % to $ 882 million on a reported basis , 5.1 % on a constant currency basis , and 6.6 % on an organic basis compared to the prior year period . O Audience Measurement revenues of $ 637 million increased 3.9 % on a reported basis , 3.7 % on a constant currency basis , and 4.4 % on an organic basis compared to the prior year period . Overall growth was solid , with national and digital measurement products showing strength , and with growth in local products . O Outcomes & Content revenues of $ 245 million increased 9.9 % on a reported basis , 8.9 % on a constant currency basis , and 12.5 % on an organic basis compared to the prior year period . This was driven in part by improving trends in short - cycle revenue , solid growth in Content , and recovery in the Sports business . Net income from continuing operations attributable to Nielsen shareholders increased 18.2 % to $ 117 million , compared to $ 99 million in the third quarter of 2020. Net income from continuing operations per share on a diluted basis for the third quarter was $ 0.32 , compared to $ 0.28 in the third quarter of 2020. The improvement in net income from continuing operations was driven by strong revenue performance , the ongoing benefit of permanent cost actions from the 2020 optimization plan , lower interest expense and lower depreciation and amortization expense in the third quarter of 2021 . In addition , the third quarter of 2020 included an impairment of long - lived assets . Reported EPS of $ 0.28 includes EPS of $ 0.33 from continuing operations and EPS of $ ( 0.05 ) from discontinued operations . 1