HD and Online Drive Record Q1 2012 Revenue at DG

Posted by Joe Zaller
May 09 2012

Video delivery and advertising management specialist DG (Fastchannel) reported that its revenue for the first quarter of 2012 was $92.8m, an increase of 46% versus the same period a year ago.

Q1 income from continuing operations was $1.3m, down 90% versus last year. Adjusted EBITDA for the quarter was $29.6m, flat with last year.

Investors liked the results, sending the stock up almost six-and-a-half percent on an otherwise down day.

On a segment basis:

  • revenue from television was $61.8 million, or 67% of total revenue, an increase of 4% versus last year. HD advertising revenue grew 10% versus last year to $35.6m.

 

  • Online revenue was $31m, up $616% versus last year, primarily due to DG’s acquisitions of MediaMind and EyeWonder during the 3rd quarter of 2011.

 

“The first quarter saw great progress across the board as we began executing against our media convergence strategy,” said Neil Nguyen, CEO and President of DG. “We saw continued momentum with the integration of our online assets into a singular operation while our TV business hit a new high for HD adoption, ending the quarter at 25% of deliveries in HD format.”

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Related Content:

Press Release:  DG Reports First Quarter 2012 Results  http://dcft.co/IZvuB7

DG Pre-Announces Positive Q1 2012 Results

More Broadcast Vendor M&A: DG Acquires Peer39 for $15.5 Million in Cash and Stock

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