23rd Apr 2015 07:00
FOR IMMEDIATE RELEASE23 April 2015
Matomy Media Group Update on Current Trading and Outlook
Based on its most recent unaudited management information, Matomy expects that for the year ending 31 December 2015, its revenue will be within a range of $275 million to $285 million, and its adjusted EBITDA will be within a range of $26 million to $28 million, and, therefore, below market expectations. The projected full-year adjusted EBITDA would represent c. 12% year-on-year growth at the mid-point of the range on a pro-forma basis. Furthermore, Matomy expects that for the six-month period ending 30 June 2015, its adjusted EBITDA will be approximately $10 million, which would reflect a 21% decrease from $12.6 million for the six-month period ended 30 June 2014 on a pro-forma basis.
This decline in Matomy's expected financial performance is mainly attributable to comprehensively stricter internal regulations imposed by various prominent media trading platforms, including a recent implementation by one of the leading media trading platforms of a new media verification and screening tool that resulted in an immediate decrease in the amount of digital media available for purchase. Additionally, weaker first quarter trading across the company contributed to the revisions in Matomy's full-year projected performance.
Matomy's board of directors remains confident in the future growth of the overall performance-based advertising sector, as well as Matomy's continuing strategy and operating model.
Notes to Editors
1. Adjusted EBITDAAdjusted EBITDA is a non-GAAP financial measure that Matomy defines as net income before taxes on income, financial expenses (income), net, gain on re-measurement to fair value, equity losses of affiliated companies, net, other income, depreciation and amortisation and share-based compensation expenses and any non-recurring items.
2. Pro-forma
Pro-forma refers to consolidated full Group numbers, including Team Internet, as if the acquisition of Team Internet had occurred on 1 January 2014.
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE:MTMY) is one of the world's leading digital performance-based advertising companies. Working across Web, social media and mobile platforms, Matomy offers advertisers, media partners and publishers a range of opportunities to generate risk-free performance-based results, delivering quality, scale and speed by providing a single gateway to all digital media channels. Matomy's marketing solutions include: a display ad network; mobile, social and video advertising; email marketing; search marketing and search engine optimisation; an incentivised advertising platform; and domain monetisation.
For more information:www.Matomy.com Facebook: www.facebook.com/MatomyMediaGroupFollow Matomy on Twitter: @MatomyGroupLinkedIn: www.linkedin.com/company/matomy-media-group
Enquiries:
Matomy Media Group: +1 417 299 5996
Keith Trivitt, VP Global Marketing & Communications
Tulchan Communications: +44 (0) 207 353 4200
Stephen Malthouse
Giles Kernick
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