BOSTON--(BUSINESS WIRE)--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.
- ‘The Denver Post’ the leading daily newspaper in Colorado and one of the largest circulated newspapers in the US.
- ‘Gannett Broadcasting,’ one of the largest local content providers in the US.
- ‘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
- Business Intelligence: Enabled the integration of first party data to our online campaigns.
- Compass: 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
- 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.
