[May 26, 2015] |
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LYCOS Announces Q4 and Fiscal Year 2015 Results
Lycos, (NSE:LYCOS | BSE:532368 ) one of the most widely known Internet
brands in the world and one of the first search engines on the web,
today announced its audited results for the year ended March 31st 2015.
The Company posted an annual revenue of $320.03 million and net profit
of $55.96 million against the previous year revenue of $276.59 million
and net profit of $36.52 million respectively. The digital segment
revenues grew by 21.58% and overall revenue growth is about 15.71%
compared to last year.
Year-end highlights include:
Annual consolidated revenue of $320.03 million
Annual consolidated PAT of $55.96 million
EPS of $0.12 per share
Digital revenues grew by 21.58% from last year.
"Results this financial year were very strong. Our teams executed well
in building solid revenue streams by aligning relevant technologies
around best growth opportunities. We continue to focus on providing a
simple yet a powerful internet experience to our users and clients,"
said Suresh Reddy, Chairman of LYCOS.
Business highlights:
LYCOS Advertising
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Media Buying (Publishers/DSPs) -
Some of the of leading publishers we added this quarter:
-
PlayBuzz' which is one of the most popular social content
publishing platforms.
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'The Denver Post' the leading daily newspaper in Colorado and one
of the largest circulated newspapers in the US.
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'Gannett Broadcasting,' one of the largest local content providers
in the US.
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'MediaMath,' one of the largest programmatic DSP's worldwide.
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Video Advertising -
Our
journey towards becoming one of the larger video advertising players
continues, in addition our mobile video advertising activity increased
significantly in this fast growing segment.
Technology
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Business Intelligence: Enabled the
integration of first party data to our online campaigns.
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Compass (News - Alert): During the last quarter we
reached the final stage of development which included the integration
of Real Time Bidding technology that will uplift the rates we offer to
our partners.
LYCOS Media
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Enhanced search advertising has reported a 12% increase in revenue
from last quarter.
LYCOS Life
A new division focussed on consumer internet products (IoT) is getting
ready for a launch in June 2015.
Additional details 2015 year end details can be viewed at the company's
website www.lycos.com
in the Investors' section.
Conference Call Details:
LYCOS will host a conference call on Thursday, May 28, 2015, at 4:30 AM
EST, (2PM ISP) to discuss the financial results. Call-in details will be
available from the Investor Relations page of the company's website at: http://corp.lycos.com/investors/
Disclaimer
This press release contains "forward-looking statements" - that is,
statements related to future, not past, events. In this context,
forward-looking statements often address our expected future business
and financial performance, and often contain words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "should" or
"will." Forward-looking statements by their nature address matters that
are, to different degrees, uncertain. For us, uncertainties arise from
the behavior of financial and digital marketing industry, and
fluctuations in exchange rates; from future integration of businesses;
and from numerous other matters of national, regional and global scale,
including those of a political, economic, business, competitive or
regulatory nature. These uncertainties may cause our actual future
results to be materially different from those expressed in our
forward-looking statements. We do not undertake to update our
forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150526006201/en/
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