to the before just your for retirement have incredibly tremendous on and a thank contribution you to I And to blessed as started, and wanted your you'll Thank certainly missed. you be We've congratulations I you, Mitch. get say leader, been company.
Let results. into jump our me
a in was business one the for decade. quarters quarter second challenging our most of The over
performance. We weak our improved segment, are of shareholder fast-moving our sharply on and In our as measurement Watch, value. Buy disappointed Operations results remains and Buy consumer with environment. remains focused long-term a revenue increasingly our across Watch We're In our result goods core the to challenging drive strong. initiatives segment, business
a clients measurement in business changing decisions. landscape analytics data the our Watch to and our intact, strength drive franchises and privacy Marketing our Effectiveness in Buy However, caused of with has mission-critical near-term The momentum. remains their deceleration providing
we our XXXX. results given our for are second However, the guidance in our outlook, resetting half second and quarter
Let's company the performance start in the quarter. with total
and year benefit a page ago. and $XX side was million, points XX On segment. a from basis points growth billion, on segment by foreign per by a was our the offset weakness was share Watch driven in basis, basis down a just our Revenue basis. $X.XX, GAAP the in U.S. currency $X.XX left up income Net $X.XX reported XX on continued of Buy are results income our under net
realities were Watch net our company The income spending a reflect results charges our reflect right-size restructuring growth and accelerate and support efforts initiatives. share Our Buy. cost-out per higher to cost-out share to by and continuing $X.XX of current restructuring charges and the to the driven initiatives our market across
points $XXX on offset was non-GAAP side primarily basis. XX income and Adjusted organic basis an $XXX This basis, was down softer year XXX the constant by were revenue constant flow down from and total by a net million, investments, was and points basis ago. improved were This working offset page, CapEx management. million, continued our right adjusted constant million a driven the basis. currency and on by initiatives. partially to investments revenue productivity and segments. margins currency, Moving X.X% XX.X%, a down EBITDA record was in currency lower partly a our impacted EBITDA down Margins of capital higher by Watch Buy on cash Free was $XXX
strong. with growth strong Measurement key of core in franchise. Watch. the The Watch of starting takeaway segments, This is segment includes fundamentals the Audience and the to Text, of move I'll Watch that Next, remain our Video our
quality changes since driven measurement in capabilities and and strong Digital are investments National media the in $XXX and evidenced Audience Measurement. that up second XXXX We've up and well continued digits National ever. up of currency short-term the privacy in evolves. of markets for ongoing Measurement progress constant are This IQ Ratings win us a basis Ratings. basis. were Measurement stronger results continue campaigns TV our was the Total the acquisition from to TV organically Total organically, Video and offerings. and serve in to detection independent, adding by of the Digital Ratings, is Marketing TV, we duration-weighted was we of quarter within up and constant on had our de-duplicated which is and adjusts X% We've the fraud ecosystem us Effectiveness Audience and mid-single strategy we second Ad million, great business up is of was quarter. our by Digital Measurement Brand pressure as a in made our growth that widespread However, in quarter. strong volume Revenue expanded as driving organic up impressions, our the to serve, an than Gracenote first X% measurement X% The Visual XX% The was our and Total enabled and comparable in and led the Audience Ad for integrity a Ad outlook. planned. need Text significantly on half. currency seeing GDPR strength the impacting some X.X% Audience quarter Measurement, which the constant exit make have particularly Effect. advancing adoption Despite on by viewability XXXX strong this changes strength digital, currency
below privacy changes Our the significantly our as results revenues by were GDPR are landscape. impacted data to consumer expectations and
have partners hundred are more in We to disruptive. There space this that dynamics been changes caused XXXX. have for several outlook and have us market data few a a clients conservative and
platforms consumer First, increase data. large in changes saw disruption to ecosystem quarter their the a the as second to advertising for security digital offerings digital made
and operational to slowdown on we year. Second, to changes targeting the in third-party of expect the policy back half a contribute
challenge the targeting and data compliance a clients and changes and landscape has GDPR Third, privacy near-term suppliers it as to towards rights. in relates consumer working usage is data data that
a short-term it may Now, disruption, this but some is take stabilizes. market time the before
outlook Marketing second we're Marketing accordingly. the we half headwinds, moderating see portfolio. Effectiveness strengths in our our such, Effectiveness of As Despite other areas in
business. our as announced Audience buying Nielsen be ongoing OpenAP. Cloud. Last platform Snapchat's will opportunity For available bullish that example, Longer we part premium audience this strong we growth of we've the remain such systems demand segments for Marketing in seen through the term, week underpinning our are Advanced of segments ad-buying also on these on audience-based
of the As reflecting the basis Audience fundamentals serve XX business the EBITDA volume runoff pruning of on X.X% strong, as Watch our sum Watch unfavorable well. million, expected, and points made us currency down constant we've margins were down was XX.X% Audio offset constant Total adjusted up was up flat and Watch Watch, to noncore assets growth Other quarter price XX.X%, in investments constant mix. legacy To remain Measurement currency. by of as in continue currency, $XXX and was were digital assets. continued
in expect we're becoming this have along clients to and our increasingly well-positioned marketplace, We the are Marketing a a business Effectiveness metrics from data part of long capture in the to to term. our be which our significant changes to we with currency as consumer foundation and however, on growth term, strong evolve outcome-based revenue we're our constant XXXX business important mentioned, impacted basis. second lowering Watch privacy Near results X.X% growth outlook landscape, changing by approximately and to half I
not Turning results term. goods is the global industry which XXXX in now impacted both XQ consumer to our the seeing Emerging show We're that this in among fast-moving Buy, signs takeaway near in the of Developed multinationals outlook. key pressure and does Markets the and abating
drive focused are results despite over key environment. improved to initiatives the time our on We
$XXX was quarter basis Buy and down revenue constant Second currency X.X% on million, organically. total a
million, Developed increased Our from global down weakness Markets multinationals. currency $XXX in the revenue constant behind X.X% was
in the constant Revenue in currency. was basis impacted business XX points million, by was $XXX also Our Emerging weakness multinationals. Markets up global
This important Africa. these The continue markets in markets and which we to Latin see solid in revenue, these Southeast spend, Eastern in two markets represents from true Asia significantly. and in our of overshadowed markets, multinationals While weakened America, pressure in some especially growth China, in is multinational clients regions. has growth Europe for Greater XX% growth approximately local
to sharply and incremental clients value results. broader We to in investing our granularity more portfolio. product line drive for on the the and increasing focused are penetration of our improve our Nielsen coverage top efforts includes This
XX.X% $X Our reflecting constant assets. Buy Corporate noncore currency, was of down Buy million pruning revenue or our
constant a of Buy XXXX on our in increased result currency a revenue lowering the pressure basis. outlook are the As negative to we segment, X.X%
three Connected are our one, System; We driving a improved three, few Total growth two, Measurements. make on through the results: of to focused and on drive strategic each comments these. I'll Consumer partnerships; initiatives retailer
enables analytics to faster measurement to First, from our process extremely be end-to-end the of deploying XXX have integrate partners connected us clients our decision-making The Connected We the our XX platform component one using driving we're System least clients. for of positive. have continues the our apps clients full-scale data, data platform, running the analytics system, feedback at core with system. and on now who in
the earlier and up manufacturing these partnerships. year. great with supplier retailer XXX and Second, collaboration Walmart programs launching in seen nearly Club programs the Sam's since traction clients signed have We've
us relationship with services. as panel our added when Walmart We chose their preferred to consumer data provider they also of recently
XX.X% to focused $XXX emerging driven well matter System. our key initiatives Third, include was enable online world by broadly, adapting granularity currency, E-commerce clients clients. to continued on to as We're as towards of channels of softer-than-expected of our in focus down area is Buy our are work level in More a Total have in they constant offline. that and Markets. coverage most solutions do investments all and EBITDA the both to Emerging revenue, the retailer Consumer will Developed Measurement. continuing that as we the same Connected million, the
many our head reduce automating our profile margin the the which to count operations current part and We consolidating this function, digitizing drive improve reflect cost plan our are out market of is operations realities accelerating and includes and teams segment. A and platforms to efforts transform operations processes. our the to and of big Buy of
challenges three-year up well, we our been of need We've $XXX and extremely given Our cost-out teams to schedule, million, previous the do million executing are end simply target have markets. from we to our the ahead target. approximately more in $XXX increased
a strictly constant currency the we for impact don't If a basis focuses drag benefit basis on reporting that then this risk, currency through revenue so resulted constant currency XX and EBITDA yesterday's we full a on the Moving benefit for performance. you benefit to translation purposes. XX XXXX, reflect in remind impact, generally and on points want operating XX basis rates revenue a slide spot and expect points points to to on We report foreign I EBITDA a hold quarter, foreign on revenue basis the on transactional on EBITDA. year. take XX basis points our In
Our forecast represents guidance. share a EPS previous updated currency $X.XX on drag a versus
expect X.X%, on Buy are revenue quarter by Watch decline and XXXX now a total currency to expect our on and to significantly constant second results this outlook decline Moving X% below revenue our constant forecast, guidance, We we're a second both previous approximately we X.X% grow In our lowering revenue company basis. basis. guidance and currency to half by construction, accordingly. to
our margin X.X to points per $X.XX EBITDA our to outlook EPS are decline full-year guidance We adjusted share. lowering to $X and
free remain While flow to approximately cost structure, structure efforts the lowering we're restructuring. cash EBITDA term. we capital lowering the million higher reflect and impact lowered committed $XXX approach. focused on our It guidance We're is allocation note cash to capital short very to $XXX million long-term these outlook important do to fully in our and to revenue primarily from the not our offset lower that
System. initiatives will free We enable current get the levels. have on past onetime spend XXXX to This improve cash at investment the as in the expect lower Connected de-lever maintain to retailer our us and the we in significantly dividend flow and
a Given XXXX over the details pace buybacks additional moderate the to the few outlook, of on next XX lower cash page. you model side plan right-hand We've we of share the given months. the
at updated the framework give pages, the On the typically year. that revenue beginning two of the we next we've
tightening range As X%. of Audience note, for and you will are we in Measurement Video Text to the X.X% Watch, to
construction to up Marketing expect currency be assumes market the growth. to to Emerging This approximately the previous persist to compared Effectiveness Buy us total will challenges to gets which X.X% and of of through about revenue growth constant to flat. XXXX mid-single roughly X% revenue be flat expect I to Buy, Developed talked We low-single Markets Watch estimate half. In we our digits, earlier for down back X% be digits
pressure minus the compared recent assume a spend with our progress to initiatives, construction estimate Buy We currency our gets but X.X% to client This of plus are pleased revenue we constant to total us most from continues. X%. of the approximately in X% multinational decline XXXX for previous
focused Regarding both time growth same our and and we drive Buy. XXXX the plan, initiatives to of expansion for margin remain Watch over on all
to margin growth growth we're the goals change, time. but committed forecast, XXXX our and Given over the return top-line margin to will and trajectory same to digit expansion annual mid-single obviously
back-half but worked de-risk wrap and to our the forecast is back on disappointing revised it result, Sara. turn to guidance. to we and performance. So remain up, look, We've difficult I'll our to focused a that, with delivering committing And appropriately turning around this we're
