Nielsen Revenues Inch Up 2.4%, Buyout And Nielsen One On Track

As the company plans to go private via a consortium of investment funds, Nielsen says second-quarter 2022 revenues grew 2.4% to $882 million, with net income 45% higher to $113 million.

David Kenny, chief executive officer of Nielsen Holdings, in its earnings release said: "Our teams executed well and delivered strong second quarter results despite an increasingly uncertain macroeconomic backdrop.”

The highly anticipated Nielsen One, the cross-platform measurement Nielsen One service, it is still on track -- with some additions.

“As planned, we will bring cross-media ad measurement to market by December 2022 and we're adding in new features, such as advanced audiences and outcomes measurement, in alignment with the needs of advertisers and agencies,” says Kenny.

This week Nielsen announced an independent proxy advisory firm recommended shareholders vote for all proposals in connection with its buyout deal.

In March, Nielsen struck an agreement to be acquired for $28 per share in cash -- approximately $16 billion, including the assumption of debt.

The consortium of private investment funds is led by Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P., together with institutional partners.

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