Nielsen Holdings (NLSN) Misses Q2 EPS by 17c, Miss on Revenues; Lowers FY18 EPS Outlook, CEO to Retire After 2018

Nielsen Holdings (NYSE: NLSN) reported Q2 EPS of $0.20, $0.17 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.71 billion.

“In the second quarter, we continued to move forward on our multi-year transformations across Watch, Buy, and Operations. However, our progress was not reflected in our financial results, which are disappointing and came in below our expectations, and we are lowering our outlook for 2018,” said Jamere Jackson, Chief Financial Officer of Nielsen.

Jackson continued, “We are addressing the challenges we face with the greatest sense of urgency and remain sharply focused on our key initiatives to drive value in the long term. Our cost reduction efforts are ahead of schedule and we are accelerating cost-out targets. In Buy Developed Markets, we saw increased pressure in the fast moving consumer goods end markets; however, we made great progress with the Connected System, retailer initiatives, and Total Consumer Measurement. In Emerging Markets, weakness in multinational client spending was offset by growth with local clients. In Watch, ongoing adoption of Total Audience Measurement continued to drive growth. However, the General Data Protection Regulation and changes in the consumer data privacy landscape impacted our growth rates in the near-term as clients and partners grapple with the changes and work to ensure compliance.”

GUIDANCE:

Nielsen Holdings sees FY2018 EPS of $0.95-$1.00, versus the consensus of $1.51.

For earnings history and earnings-related data on Nielsen Holdings (NLSN) click here.

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