LYCOS (formerly Ybrant Digital Limited, BSE: 532368, ‘YBRANTDIGI’ or the company), the digital media conglomerate today announced its unaudited financial results for the quarter ending 31st December, 2014.
The Highlights:
- Q3 consolidated revenue of Rs.595.67 crores
- Q3 consolidated EBIDTA of Rs. 163.42 crores, up 66.72% year-over-year
- Q3 profit after tax of Rs. 98.87 crores
- Q3 consolidated earnings per share (EPS) of Rs 2.08
Revenue for Q3 FY2014-15 was Rs. 595.67 crores, an increase of 29.44% Q-o-Q and 28.83% Y-o-Y. EBIDTA for Q3 FY2014-15 was Rs. 163.42 crores, an Increase of 16.27% Q-o-Q and increase of 66.72% Y-o-Y. PAT for Q3 FY2014-15 was Rs. 98.87 crores, an increase of 19.88% Q-o-Q and increase of 49.14% Y-o-Y.
Revenue from Digital Marketing Segment for Q3 FY2014-15 was Rs. 493.09 crores, an increase of 43.12% Q-o-Q and an increase of 38.74% Y-o-Y. PBT from Digital Marketing Segment for Q3 FY2014-15 was Rs. 142.02 crores, an increase of 10.38% Q-o-Q and an increase of 90.91% Y-o-Y. Revenue from Software Development Segment for Q3 FY2014-15 was Rs.102.58 crores, a decrease of 11.31% Q-o-Q and a decrease of 4.11% Y-o-Y.
Suresh Reddy, Chairman of LYCOS said, “
We have ended this quarter on a high which has renewed our position of strength. All of our businesses have delivered an excellent performance on the back of strong revenues for the quarter. The year 2014 was a year of reinvention, and we see 2015 as a year of opportunity. We are moving fast, sharpening our strategic focus on our deliverables with special attention to our organic growth.” The details of the results can be viewed at the company’s website
www.lycos.com in the Investors’ section.
Financial Highlights | | Q3 2014-15 | Q2 2014-15 | Q3 2013-14 | QOQ | YOY | Year Ended |
| | | 31st March 2014 |
| Revenue | 595.67 | 460.19 | 462.38 | 29.44% | 28.83% | 1673.37 |
| | | | | | | |
| EBITDA | 163.42 | 140.55 | 98.02 | 16.27% | 66.72% | 368.65 |
| | | | | | | |
| PAT | 98.87 | 82.48 | 66.29 | 19.88% | 49.14% | 220.96 |
All in Rupees Crores
Business Update: LYCOS Media Local Services - We have signed a deal with Goodzer – The leader in hyper-local service and retail content. The agreement is twofold: First, Lycos will utilize Goodzer's enhanced local services data across thousands of business categories on its wholly owned local search property
www.whowhere.com. Second, Lycos has partnered with Goodzer to build out and enhance Lycos's local product search functionality on
www.lycos.com.
This deal will help generate more traffic to Lycos's owned and operated properties by providing users granular detail on local business that helps them make informed decisions.
Automotive Listings - Also during Q3, we have signed a deal with “Autoweb, Inc.” – the first vertical search engine which combines engaging and informative content with social sharing features. This enhanced functionality will help car shoppers make informed decisions with access to granular search criteria such as monthly payment, vehicle type, make and model, MSRP and even MPG range. More than 64% of consumers use online search engines to find a car and this experience needs to be as convenient and intuitive as possible.
Both of the above deals will help generate more traffic to Lycos's owned and operated properties by providing users granular detail and functionality which helps them make informed decisions. Both these will be launched in Q4.
Products & Deals on the Pipeline: Lycos Messenger iOS/Android development is in progress.
Also talks are in progress towards closing deals with some of the top search engines of the world for enhanced search advertising.
Ybrant Digital During Q3 Ybrant Digital’s Advertising Division continued to add new Demand and Media partners to its customer base, while continuing the development of advanced technology tools to support all business units and moving to the programmatic media buy & sell arena. This included strong presence in the ‘Private Market Place’ arena.
Video Advertising - We signed deals with new Video Ad Network partners and kept our successful cooperation with top North American video advertisers. Main players include BrightRoll, Tremor Video, SpotXchange, AOL and LiveRail (acquired by Facebook). In addition, our mobile video activity generated more scale and we will keep developing our efforts on this growing segment according to market trends.
Media Buying (Publishers) - The Media Buy division continued to add publishers, including premium publishers such as ‘Hearst’ which is one of the biggest magazines and newspaper group in the US and ‘Hearst Core Audience’ - a division of Hearst focusing on reaching the right audience while accessing premium inventory, ‘Detroit Media Partnership’ (Michigan.com since Oct 2014) - Michigan’s largest local media company, ‘The Inquisitor’ which is one of the top news websites in the US and Nextstep - a big media house that manages traffic for big portals with Spanish content. In addition to the new partners we kept the development and successful cooperation with our main publishers.
Technology Update Compass Technology - We finalized the specifications of Real Time Bidding integration, new automated optimization techniques and the ability to generate deeper and smarter reports.
Business Intelligence & Big Data – We successfully integrated our BI platform for Display activity enabling in depth analyses and pulling data form multiple tech platforms and developed new insights on all of our programmatic activities.
Conference Call Details: LYCOS will host a conference call on 04
th of February, 2015, at 2.00pm Indian Standard Time 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/financials/
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