21st May 2015 07:00
InternetQ plc - Trading UpdateInternetQ plc - Trading Update
PR Newswire
London, May 20
Final 21 May 2015 INTERNETQ PLC ('InternetQ', the 'Group' or the 'Company') Q1 2015 Trading Update Continued momentum with strong growth in revenue and EBITDA Growth driven by new mobile marketing deals and ongoing take-up of digital entertainment proposition InternetQ plc (LSE-AIM: INTQ), a leading provider of mobile marketing anddigital entertainment solutions for mobile network operators and brands,announces the following update for the period from 1 January to 31 March 2015. Financial update InternetQ achieved continued strong growth across both the mobile marketing anddigital entertainment divisions during the period, with Group revenue up by 11%year-on-year ("YoY") to €33.5 million (2014: €30.3 million) and adjusted EBITDAup by 28% YoY to €6.2 million (2014: €4.8 million). EBITDA margins are higherthan expected in both segments. Operational highlights B2B - Mobile marketing * Successful campaign completed through Minimob with Foodpanda - an Indian Rocket Internet company - providing entry into ten new geographies. * Best-performing campaigns run through the Minimob platform include Guvera, Pokkt, Paytm, IGG, Foodpanda, Snapdeal, Ekhanei, GroupMe, WeGo, Hungama, Indeed and Momondo. * Ad agencies accounted for the majority of new campaigns run through Minimob (over 70%), followed by brands (over 15%) and operators (over 10%). * Ten new mobile marketing campaigns started in Latin America, including Claro Chile and Vodacom Lesotho. * Mobile entertainment subscription services started in South Africa. * Major new mobile marketing campaign signed with Andalabs in Indonesia. B2C - Digital entertainment * Renewal of campaigns with key clients, including Sony Mobile in Malaysia. * Launch of the Akazoo service with Smartfren Indonesia. * Development of the Akazoo radio streaming platform and new release on the Akazoo Business Intelligence platform. Strategy & outlook The Group remains focussed on advancing its competitive position in mobilemarketing and digital entertainment, through further geographic expansion,investment in technology and product development, and establishing additionalkey partnerships that will enhance the Group's pipeline and visibility acrossboth the B2B and B2C segments of the business. Panagiotis Dimitropoulos, Founder and Chief Executive Officer of InternetQ,said: "We have made a strong start to 2015 with both our mobile marketing and digitalentertainment businesses performing in line with our expectations for revenueand higher than expected for profit. We ran a number of successful campaignsfor high profile brands through our mobile advertising platform and are pleasedto have good future visibility, with a strong pipeline for both businesses, inparticular in Asia and Latin America." ENDS For further details: InternetQ Tel: +44 (0) 20 3519 5250 / +30 (211) 101 1101Panagiotis Dimitropoulos, Founder and CEO Tel: +30 (697) 811 7520Veronica Nocetti, Chief Financial Officer Tel: +30 (694) 420 5275 FTI Consulting LLPCharles Palmer / Chris Lane / Nicola Krafft / Karen Tang Tel: +44 (0)20 3727 1000 RBC Capital MarketsPierre Schreuder / Ema Jakasovic Tel: +44 (0)20 7653 4000 Canaccord GenuitySimon Bridges / Emma Gabriel Tel: +44 (0)20 7523 8000 About InternetQ plc: InternetQ is a leading digital content and mobile marketing services companywith operations spanning Asia, Europe, Africa and the Americas. It offersproprietary technology platforms to help mobile network operators, brands, andmedia companies to conduct targeted, interactive and measurable marketinginitiatives on mobile devices. Its mobile value added services include Akazoo,which allows consumers to purchase digital music content and Minimob, its smartmobile marketing and advertising platform to conduct effective and measurablecampaigns on mobile phones and achieve user engagement and appmonetization. All of InternetQ's products are underpinned by the rapid globalgrowth in smart devices and the thriving app economy. InternetQ is a publicly traded company listed on the AIM market of the LondonStock Exchange, under the symbol INTQ. For investor related queries, pleaseemail: [email protected]
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