Financial results

Spir Communication revenue down 6% in H1 2015

French media company Spir Communication saw a 6-percent drop in total revenue in the first half of 2015, down to €208 million ($228 million U.S.), on dwindling local and printed advertising partially offset by growth of  Internet activities. This decrease was due to lower sales in two areas – printed advertising was down by 7 percent to €141.7 million, while local multichannel...

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EBay Classifieds Group: soon to be unmasked?

On July 16 EBay released financial results for the last time with business units PayPal and EBay Enterprise included. The next day PayPal and EBay parted ways – and financial journalists reporting on EBay breathed a collective sigh of relief. The frustrating years of intransparent EBay reporting on its unit Marketplaces (including the classifieds), are behind us. The next EBay quarterly...

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Sanoma’s Q2 revenue grows in Finland; declines in Netherlands

The online and mobile revenue of Sanoma’s Consumer Business segment (including the classified businesses in Finland and the Netherlands, with the online auction platform Huuto and marketplace Oikotie, continued to grow in Finland, but declined sligthly in the Netherlands and Belgium in Q2 FY2015 from the same period last year. The net sales of the online and mobile businesses of Sanoma in...

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Rocket Internet bad apple in Kinnevik’s basket

Investment firm Kinnevik released its results for Q2 this morning. The overall picture was positive. After reporting a drop in net asset value (NAV) of SEK 448 million ($52 million U.S.) to SEK 83.9 billion in Q1 of FY2015, Kinnevik made up lost ground in Q2. It ended the quarter with the NAV of its investments at SEK 87.3 billion, or 3.5 percent higher than on Dec. 31, 2014. Rocket Internet, a...

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Healthy growth for Alma Media Digital Divison in Q2

The revenue of Alma Media’s division Digital Consumer Services, which houses the classified business of the company, increased by 9.4 percent in Q2 of FY2015 from Q2 in FY2015. Its operating profit surged by 56.9 percent. The businesses included in this division are (in Finland) Etuovi.com, Vuokraovi.com, Gofinland.fi, Monster.fi, Autotalli.com, Telkku.com, Kotikokki.net, E-kontakti.fi,...

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Schibsted beats market expectations in Q2

Schibsted beat expectations of financial analysts for Q2 of FY2015, when it presented a profit before tax of NOK 440 million ($44.1 million U.S.) this morning. This was 36 percent better than analysts had expected in the SIX News Inquiry. The Schibsted share price responded very well on the news, and gained more than seven percent in early trade on the Oslo Stock Exchange. Understandably, CEO...

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