NIQ is a leading consumer intelligence company that provides the most comprehensive insights into consumer purchasing behavior, uncovering new opportunities for growth. In 2023, NIQ merged with GfK, uniting two industry leaders with unmatched global scale. Together, they operate in over 90 countries, covering around 85% of the world’s population and tracking more than $7.2 trillion in global consumer spending.

• CEO Statement- Q2 marks another strong quarter of revenue growth and margin expansion," said Jim Peck, NIQ’s Executive Chairman and CEO. "This performance follows our ongoing transformation, and we’re excited to take the next step by entering the public markets. 

• With our improved position, we believe NIQ is well-equipped to drive long-term growth and deliver substantial value to our shareholders in the years to come.

Total Revenue- Total revenue grew by 5.6% year-over-year to $1,040.8 million. Organic constant currency revenue increased by 5.7%, with the largest growth coming from EMEA at 8.1% and the Americas at 5.4%. Organic constant currency Intelligence revenue rose by 7.5%. 

Annual Intelligence Revenue- Annualized Intelligence Subscription revenue grew by 6.9%, reaching $2,772.0 million. The Net Dollar Retention for Intelligence Subscriptions was 105%, and the Gross Dollar Retention was 98%.

Net Loss- The net loss for the period was $14.1 million, while the adjusted net loss was $1.6 million. Adjusted EBITDA grew by 15.7% to $214.9 million, which is a margin of 20.6%, an increase of 180 basis points compared to last year.

IPO- After the quarter ended, the company raised $985.1 million from its IPO. It also increased and extended its revolving credit facility to $750.0 million. 

The company refinanced and extended the maturities of its USD and EUR Term Loans by about 2.5 years, now due in October 2030. These actions reduced total debt and are expected to lower annual interest expenses by around $100 million.

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