Nielsen Holdings plc (NYSE:NLSN) Q1 2019 Earnings Conference Call Transcript

Apr 30, 2019 • 08:00 am ET

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Nielsen Holdings plc (NYSE:NLSN) Q1 2019 Earnings Conference Call Transcript

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Operator
Operator

Good morning. My name is Carol, and I will be your operator today. At this time, I would like to welcome everyone to the Q1 2019 Nielsen Holdings Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. We ask that you limit yourself to one question and re-queue for any additional questions. (Operator Instructions)

At this time, I would like to turn the call over to Sara Gubins, Senior Vice President, Investor Relations.

Executive
Sara Gubins

Thanks, Carol, and good morning, everyone. Thank you for joining us to discuss Nielsen's first quarter financial performance. I'm here with our CEO, David Kenny; and our CFO, Dave Anderson. A slide presentation that we'll use on this call is available under the Events section of our Investor Relations website.

Before we begin, I'd like to remind all of you that our remarks and responses to your questions today may contain forward-looking statements, including those about Nielsen's outlook and prospects that are based on Nielsen's current expectations. Our actual results in future periods may differ materially from those currently expected because of a number of risks and uncertainties, including those identified in the Risk Factors section of our most recent Annual Report on Form 10-K and in subsequent reports filed with the SEC, which are available on our website. We assume no obligation to update any forward-looking statements except as required by law. On today's call, we will also refer to certain non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most comparable GAAP measures are available in the earnings press release, which is available at the Investor Relations section of our website at nielsen.com.

For Q&A, as always, we ask you to limit yourself to one question, so that we can accommodate everyone. Feel free to join the queue again, and if time remains, we will call on you.

And now to start the call, I'd like to turn it over to our CEO, David Kenny.

Executive
David W. Kenny

Good morning. Thank you Sara. Let me start with a brief high level comments and then turn it over to Dave who can review first quarter results, provide some color on our expectations for the second quarter and the remainder of 2019. Then I'll come back and give you an update on our strategy and progress, particularly around our products in both Nielsen Media and Nielsen Connect. But first of all, let me start with the strategic review, which is taking a lot of my time and most of the senior management time. This is an ongoing and active process, and as we've said before, that could lead to one of three potential outcomes. We could continue to operate as a public independent company, we could separate the Global Connect segment from the Global Media segment or we could sale the entire -- sell the entire company.

We have made significant progress over the last eight weeks since our last video. I want