NIQ Global Intelligence (NIQ) J.P. Morgan 54th Annual Global Technology, Media and Communications Conference summary

Business positioning and strategy

• Maintains a unique position in consumer intelligence, leveraging a vast, trusted, multimodal data estate spanning 8,900 retailers in 88 countries and over 246 million SKUs.

• Sits at the intersection of retailers, consumers, and brands, providing actionable insights on pricing, promotion, assortment, and innovation.

• Remains highly relevant to clients, enabling them to make critical decisions and predict future trends, even amid global uncertainties.

• AI and agentic commerce are seen as major growth drivers, with the company well-positioned to capitalize on new use cases and client needs.

• Investments in infrastructure and data accessibility over the past five years have prepared the company to support advanced AI-driven solutions.

AI and agentic commerce

• Acts as a key enabler for AI, providing the foundational data and semantic context required for advanced analytics and predictive modeling.

• Collaborates with major infrastructure partners to integrate data and analytics into client workflows, tapping into new budgets and decision-makers.

• Agentic commerce solutions leverage deep product and consumer understanding to inform LLMs and brands, supporting fulfillment and measurement.

• New revenue streams are emerging from participation in transaction streams and infrastructure-building for clients.

• Beta launches of chat and analytics capabilities within the Discover platform are generating strong client interest.

Financial performance and outlook

• Achieved nine consecutive quarters of mid-single-digit growth, with April organic constant currency growth exceeding Q1.

• Americas intelligence business grew 9.3%, while APAC softness is being addressed through improved coverage.

• Subscription revenue grew 6% in Q1, reaching nearly $3 billion, with NDR at 104% and GDR at 99%, reflecting high retention and low churn.

• Activation revenue grew 5.3% in Q1, driven by strong analytics demand and innovative AI solutions.

• Free cash flow guidance for the year is $235M–$250M, with leverage expected to fall below 3x by year-end.