Financial results

Avito revenue drops in Q4 in U.S. dollar

The Russian ruble took such a beating in 2014, that Russian classified site Avito changed its financial reporting from U.S. dollars to rubles. In Q4 of FY2014 Avito grew its revenue in rubles by 57 percent to RUB 1.3 billion ($22.4 million U.S.) from RUB 802 million in Q4 of FY2013. But, the picture looked very different in U.S. dollar terms. The financial results of Avito are published by...

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Big ad dollars chunk on Facebook, Twitter

As of 2017, one third of all online display advertising spend will occur on Facebook and Twitter,  with Facebook accounting for most of the dollars, according to a March 2015 EMarketer report.  In fact, the two social-media giants are already picking up more than 30 percent of the total digital display spend.  Twitter will surpass Yahoo for digital display revenue for the first time this...

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Recommerce: main competitor of classifieds?

Warning: this article is full of observations, assumptions and opinions, posted to stimulate debate on the changing competitive environment classifieds find themselves in today. Please throw in your dime by sending an e-mail to christov@aimgroup.com. First observation: the business model “self-sell” on classified platforms and the business model “recommerce” compete...

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Jobindex owner strips business of all cash

Denmark’s Jobindex wants to pay out all the cash its has on hand as a dividend to the shareholders, to avoid paying interest to the banks where the money has been deposited! Since Danish banks will pay negative interest on deposits in 2015, and holding bonds pays close to zero percent interest at this stage, the board of Jobindex suggested that all cash held by the company on Dec. 31 last...

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Tamedia’s digital expansion plans pay off

In 2014 Swiss media group Tamedia improved its profitability, thanks to growing revenue from digital operations that more than offset losses from the declining print newspaper business. In FY2014 Tamedia’s total revenue rose 4.2 percent to CHF 1.114 billion ($1.1 billion U.S.), while operating income (EBIT) rose 25 percent to CHF 160.6 million, and net income increased by 34 percent to CHF...

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Telegraaf Media reports €38 million loss in 2014

The Dutch Telegraaf Media Groep (TMG) finished the “difficult year” of 2014 with a €38 million ($40 million U.S.) loss, after a €178 million profit in FY2013. It suffered losses in most divisions, including digital, according to the financial report released late last week (here). The circulation revenue of TMG decreased by 2.3 percent, or €6.4 million, to €273.7 million....

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