LYCOS (NSE & BSE: “LYCOS” or the “company”), one ...
Business Wire IndiaLYCOS (NSE & BSE: “LYCOS” or the “company”), one of the most widely known Internet brands in the world and one of the first search engines on the web, on 14th November 2015 announced its unaudited financial results for the quarter ended 30th September, 2015.
The Highlights:
“Our teams across the globe are super excited about what we stand for and where we are headed. This quarter is a reflection of that enthusiasm. Big thank you to all the supporters, as we work our way towards the next level.”, said Suresh Reddy, Chairman and CEO of LYCOS. “This quarter the digital division sales are up by 33% from last year.”
Revenue for Q2 FY2015-16 was Rs. 565.08 Crores, an increase of 13.33% Q-o-Q and 22.79% Y-o-Y. EBIDTA for Q2 FY2015-16 was Rs. 182.72 Crores, an increase of 18.53% Q-o-Q and increase of 30% Y-o-Y. PAT for Q2 FY2015-16 was Rs. 105.16 Crores, an increase of 15.96% Q-o-Q and increase of 27.50% Y-o-Y.
Revenue from Digital Marketing Segment for Q2 FY2015-16 was Rs 458.38 Crores, an increase of 17.92 % Q-o-Q and an increase of 33.04% Y-o-Y. PBT from Digital Marketing Segment for Q2 FY2015-16 was Rs 162.32 Crores, an increase of 11.42% Q-o-Q and an increase of 26.16% Y-o-Y. Revenue from Software Development Segment for Q2 FY2015-16 was Rs 106.70 Crores, a decrease of 2.93% Q-o-Q and a decrease of 7.74% Y-o-Y.
Business highlights:
LYCOS Advertising
Technology
Video Advertising
LYCOS Media
LYCOS LIFE
Conference Call Details:
LYCOS will host a conference call on Thursday, November 19, 2015, at 2.00 pm IST (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/
About LYCOS:
LYCOS is one of the original and most widely known Internet brands in the world, evolving from pioneering search on the web, into a family of three business units covering digital media, marketing, and Internet of Things (IoT).
LYCOS Media is a network of easy-to-use community and social sites in 120 languages across 177 countries. LYCOS’ award-winning products and services include tools for blogging, web publishing and hosting, online games, e-mail, and search. The LYCOS Network of sites and services include Lycos.com, Tripod, Angelfire, HotBot, Gamesville, WhoWhere, and LYCOS Mail.
LYCOS Advertising enables businesses, agencies, and online publishers worldwide in meeting their digital marketing needs, serving 40 billion impressions every month. Clients include leading blue chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan, and Unilever. Publishers include Facebook, LinkedIn, MSN, Twitter, and Yahoo! LYCOS works with agencies like Havas Digital, JWT, Mediacom, Mindshare, Neo@Ogilvy, OgilvyOne, OMD, Satchi&Satchi, TBWA, and ZenithOptiMedia, to name a few.
LYCOS Life is the new consumer products division focussed on IoT. LYCOS Life is dedicated to the future of communication and information management in which everyday objects will be connected to the internet, also known as the “Internet of Things” (IoT).
LYCOS employs around 450 people working out of 24 offices worldwide, across the US, Israel, India, Western Europe, Australia and Latin America. For more information please visit www.lycos.com
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.
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