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Nielsen Revenue Down, Income Up For Fourth Quarter 2020
February 26, 2021 at 1:20 AM (PT)
Q4 Income Increases
NIELSEN HOLDINGS PLC fourth quarter 2020 revenues fell 1.1% year-to-year to $1.7 billion, with NIELSEN GLOBAL MEDIA revenues off 1.9% to $872 million and NIELSEN GLOBAL CONNECT revenues off 0.2% to $800 million. Net income increased from a net loss of $109 million to a gain of $35 million (-31 to +10 cents/diluted share).
CEO DAVID KENNY said, Our solid results in 2020 reflect strong execution and the resiliency of NIELSEN s business model. We acted swiftly to keep our people safe and healthy, and to mitigate the impact of the global pandemic on our operations. In parallel, we accelerated progress on our transformation, rationalizing our product portfolio including the planned sale of GLOBAL CONNECT, and aligning ....

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