Nielsen sees ‘solid’ performance in Q2 as it launches $500m buyback program

Revenue for the quarter increased 3% compared with Q2 2012 to $1.39bn with a 2% growth in Nielsen’s buy segment and 5% in it’s watch segment.

Adjusted EBITDA for the quarter grew 6% to $396m while net income for the quarter grew 306% to $426m – with $303m gained from the sale of its Expositions business.

“Nielsen’s second quarter results reflected solid operating and financial performance,” said the company’s CEO David Calhoun.

The company also announced a 25% increase in quarterly dividend to $0.20 and $500m shares repurchase authorisation.

Calhoun added: “The actions we announce today reflect our continued focus on long-term shareholder value and confidence in the cash generation potential of the company.”