Nielsen Holdings (NLSN) Tops Q1 EPS by 15c, Revenues Beat; Offers FY21 EPS Mid-Point Guidance Above Consensus

Nielsen Holdings (NYSE: NLSN) reported Q1 EPS of $0.47, $0.15 better than the analyst estimate of $0.32. Revenue for the quarter came in at $863 million versus the consensus estimate of $843.64 million.

David Kenny, Chief Executive Officer, commented, "We delivered a solid first quarter, as our teams executed incredibly well. We closed on the sale of Global Connect in March and are now singularly focused as the global essential data, measurement, and analytics provider for the entire media ecosystem. We are investing in our future and we are well-positioned to drive new growth from new solutions across all of our end markets globally. In particular, we are pleased with the advances we've made in Audience Measurement, Outcomes and Gracenote Content Services. We are executing as planned and we are increasing key elements of our 2021 guidance."

GUIDANCE:

Nielsen Holdings sees FY2021 EPS of $1.47-$1.58, versus the consensus of $1.49.

The Company is updating full year 2021 guidance as highlighted below:

• Total revenue growth on a constant currency basis: 2.0% to 3.0%
• Organic revenue growth on a constant currency basis: 3.5% to 4.5%
• Adjusted EBITDA margin: 42.25% to 42.5%
• Adjusted EBITDA: $1,470 - $1,490 million (previously $1,460 - $1,480 million)
• Adjusted earnings per share: $1.47 - $1.58 (previously $1.43 - $1.54)
• Free cash flow: $595 - $645 million (previously $580 - $630 million)

These estimates reflect the New Nielsen as if the sale of Global Connect occurred on January 1, 2020. The estimates exclude $220 - $240 million of separation-related costs related to the sale.

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

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