Nielsen has reported its financial results for the fourth quarter and full year 2012. In Q4, revenue grew by three percent to $1,464 million compared to a year earlier. Adjusted EBITDA for Q4 was up six percent to $457 million, but net income fell to $39 million from $95 million in Q4 2011. This decline was attributed to charges of $70 million, net of tax, related to the redemption of senior notes and a prepayment of a loan. Adjusted net income in Q4 was up to $234 million from $190 million a year prior.
For all of 2012, revenue was up one percent to $5,612 million, with adjusted EBITDA up four percent to $1,602 million. Net income for the year grew from $86 million in 2011 to $273 million and adjusted net income increased from $590 million in 2011 to $704 million last year.
"Nielsens fourth quarter results showed strong growth in recurring revenue and continued margin expansion," said Nielsen CEO David Calhoun. "Our full year performance demonstrated the overall resilience of our business despite a tougher environment for corporate spending. We remain focused on delivering value to clients, investing to grow our business and expanding our capabilities. We are pleased to deliver enhanced shareholder value as we begin paying a quarterly dividend."