Nielsen Swings to First-Quarter Profit
TV ratings and media metrics giant Nielsen Holdings on Wednesday said it swung to a first-quarter profit on higher revenue.
The company's results in the year-ago period also included charges related to the company's IPO.
Nielsen's quarterly profit of $25 million compared with a year-ago loss of $181 million. Adjusted earnings nearly doubled to $113 million from $64 million.
Revenue increased 3 percent, or 4 percent when assuming constant currencies, to $1.34 billion. The biggest growth came in the company's expositions unit where revenue rose 9 percent.
"Nielsen delivered solid first quarter results, with continued growth in developing markets and steady performance across our businesses,” said CEO David Calhoun. “We have great confidence about our investments in growth, our ability to deliver value to clients and our outlook for 2012.”