Matomy Media Group Ltd Trading Update and Preliminary Interim Results (6839K)
July 11 2017 - 2:00AM
UK Regulatory
TIDMMTMY
RNS Number : 6839K
Matomy Media Group Ltd
11 July 2017
Trading Update and Preliminary Interim Results
Matomy's H1 Adjusted EBITDA* Grew Considerably
Group Adjusted EBITDA and revenue for the first half-year
expected to have increased by approximately 60% and 15%,
respectively, outperforming expectations
Global media company Matomy Media Group Ltd. (LSE: MTMY, TASE:
MTMY.TA), is pleased to announce its preliminary, unaudited
consolidated Group results for the first half of 2017. Adjusted
EBITDA for the first half-year is expected to be in the range of
$9.0-9.5 million, and revenues for the first half-year to be in the
range of $140-144 million.
Main business and operating highlights for H1
-- Adjusted EBITDA increased by approximately 60% (H1 2016: $5.7 million);
-- revenues increased approximately 15% (H1 2016: $124 million);
-- increased focus on programmatic mobile advertising and domain
monetization business activities;
-- continued efforts to raise Matomy's programmatic in-app video market share and revenues; and
-- reduction in capitalization expenses is improving period-on-period EBITDA growth.
Matomy expects to see most of the benefits from its new
strategic focus and sale of non-core businesses in the second half
of 2017 through 2018. On a pro forma basis (i.e., without the
contribution and costs related to the non-core businesses Matomy
recently exited), Matomy's core businesses would have shown an even
higher increase in Adjusted EBITDA for the first half of 2017 in
comparison to the prior comparative period.
Matomy CEO Sagi Niri commented, "We are pleased to see that our
decisive strategic actions over the past 18 months are beginning to
flow through to stronger financial performance, with expected
growth in EBITDA for FY17. As we continue to execute our plans, and
especially our recent significant strategic changes, we remain
confident for our performance during the rest of the year."
Matomy Chairman and Co-Founder of the Viola Group Harel Beit-On
said, "We are delighted that Matomy is able to report such positive
news for the first half-year. We are pleased with the success of
our focus and strategic decisions, and remain optimistic about
Matomy's full-year performance."
The data presented in this first-half 2017 flash report are
unaudited and should not be treated as final. The term "Group" in
this flash report refers to the figures of Matomy and its
consolidated affiliates in accordance with US GAAP.
*Adjusted EBITDA
Adjusted EBITDA is a non-GAAP financial measure that Matomy
defines as net income before taxes on income, financial expenses
(income), net, equity losses of affiliated companies, net,
depreciation and amortization, share-based compensation expenses
and exceptional items. Adjusted EBITDA is a key measure Matomy uses
to understand and evaluate its core operating performance and
trends, to prepare and approve its annual budget, to develop short-
and long-term operating plans and to determine bonus payments to
management. In particular, Matomy believes that by excluding
share-based compensation expenses, adjusted EBITDA provides a
useful measure for period-to-period comparisons of Matomy's core
business.
Forward-looking statements
Certain statements in this report are forward-looking. Although
the Group believes that the expectations reflected in these
forward-looking statements are reasonable, we can give no assurance
that these expectations will be fulfilled. Because these statements
contain risks and uncertainties, actual results may differ
materially from those expressed or implied by these forward-looking
statements.
About Matomy:
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) Matomy is a
global media company with a portfolio of superior data-driven
platforms for mobile, video, domain and email advertising. By
providing customized performance and programmatic solutions
supported by internal media capabilities, big data analytics, and
optimization technology, Matomy empowers advertising and media
partners to meet their evolving growth-driven goals. Matomy's
programmatic platforms include Mobfox for mobile, Optimatic for
video, and the mobile, self-serve demand-side platform myDSP.
Founded in 2007 with headquarters in Tel Aviv and 11 offices around
the world, Matomy is dual-listed on the London and Tel Aviv Stock
Exchanges. Learn more about Matomy at http://www.matomy.com.
The information contained within this announcement is deemed by
Matomy to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014
Media Contact:
Justine Rosin
justine@headline-media.com
UK: +44 203-769-5656 | USA: +1 917-724-2176
This information is provided by RNS
The company news service from the London Stock Exchange
END
NORLIFEEDIILLID
(END) Dow Jones Newswires
July 11, 2017 02:00 ET (06:00 GMT)
Matomy Media (LSE:MTMY)
Historical Stock Chart
From Apr 2024 to May 2024
Matomy Media (LSE:MTMY)
Historical Stock Chart
From May 2023 to May 2024