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Arbitron Inc. (ARB) filed Quarterly Report for the period ended 2011-09-30.
Arbitron Inc. has a market cap of $1.1 billion; its shares were traded at around $40.56 with a P/E ratio of 20.6 and P/S ratio of 2.7. The dividend yield of Arbitron Inc. stocks is 1%.
This is the annual revenues and earnings per share of ARB over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ARB.
Highlight of Business Operations:
Revenue. Revenue increased by 6.1% or $6.1 million for the three-month period ended September 30, 2011, as compared to the same period in 2010. PPM-based ratings service revenue increased by $13.1 million primarily due to the impact of the five PPM Markets commercialized during the last quarter of 2010, as well as price escalators in all PPM commercialized markets. This increase in PPM revenue was partially offset by a $7.2 million decrease in revenue related to the transition from our Diary-based ratings service.EBIT increased by 42.9% or $7.8 million for the three-month period ended September 30, 2011, as compared to the same period in 2010, primarily due to an increase in revenue associated with the PPM service transition and a reduction in costs and other expenses. However, EBITDA increased by 32.4% or $8.2 million because this non-GAAP financial measure adds back depreciation and amortization, which only increased 5.5% to $7.5 million for the three-month period ended September 30, 2011, from $7.1 million for the same period in 2010.
Revenue. Revenue increased by 6.5% or $18.5 million for the nine-month period ended September 30, 2011, as compared to the same period in 2010. PPM-based ratings service revenue increased by $42.3 million primarily due to the impact of the five PPM Markets commercialized during the fourth quarter of 2010, as well as price escalators in all PPM commercialized markets. This increase in revenue was partially offset by a $25.5 million decrease in revenue related to the transition from our Diary-based ratings service.
Cost of Revenue. Cost of revenue increased by 2.0% or $3.1 million for the nine-month period ended September 30, 2011, as compared to the same period in 2010. Cost of revenue increased primarily due to $2.5 million of increased PPM service-related costs incurred to manage PPM panels for the 48 PPM Markets commercialized as of September 30, 2011, as compared to the 43 PPM Markets commercialized as of September 30, 2010. Cost of revenue was also impacted by a $0.9 million increase in costs related to our computer center operations. These increases in cost of revenue were partially offset by a $1.8 million of lower Diary-based service costs related primarily to the corresponding reduction in the number of Diary markets.
EBIT increased by 38.1% or $17.9 million for the nine-month period ended September 30, 2011, as compared to the same period in 2010, primarily due to an increase in revenue associated with the PPM service transition and a decrease in operating expenses due largely to reduced research and development charges in comparison to prior year expenditures. However, EBITDA increased by 29.2% or $19.7 million because this non-GAAP financial measure adds back depreciation and amortization, which only increased 8.6% to $22.1 million for the nine-month period ended September 30, 2011 from $20.3 million for the same period in 2010.
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