This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

NEWS19 January 2011

Ebiquity reports Xtreme rise in first-half revenue

Financials UK

UK— Ebiquity, a media intelligence and analytics firm, has reported half-year revenue up 122% to £20.5m, thanks to the acquisition of Xtreme Information.

On a pro forma basis, revenue growth was 4% and underlying operating profit increased 28% to £1.4m, but due to higher than expected costs tied to the integration of Xtreme, including £1.15m in severance payments, the actual operating result was a loss of almost £2m, compared to profit of £270,000 in the year before.

Growth in Ebiquity’s platform division (which encompasses ad and PR intelligence and media technology practices) was ahead of analytics (media, ROI and digital practices) at 4% versus 3%.

The company is headed by CEO Michael Greenlees (pictured).

@RESEARCH LIVE

0 Comments