Arbitron Reports 9% Jump in Quarterly Revenue
Arbitron reported revenue growth of 9.1 percent ($104.4 Million) for the second quarter of 2012. In addition, net income increased 31.4 percent to $10.0 million, compared with $7.6 million for the second quarter of 2011. Arbitron says factors contributing to the increase include annual escalators in the company's multi-year radio ratings contracts, in particular the continued phase-in of contracted price increases for the Portable People Meter service as well as growth in revenues from the company's cross-platform and mobile services. In addition, second quarter revenue benefited from the timing of certain items associated with survey data from prior periods.
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