Hi-Media: Recovery in advertising business and significant increase in profitability after the downturn observed in H2 2012

  • Return to growth in advertising thanks to the success of new advertising solutions.
  • Progression in banking payment activities and launch of the HiPay TPP platform.
  • Gross margin of €34.1 million (+9% vs. H2 2012) on a like-to-like basis.
  • Current operating income of €4.4 million (+28% vs. H2 2012).

The online media group Hi-Media, one of the European leaders in internet audience monetization, releases its results for the first half of 2013.

In a lacklustre industry outlook, Hi-Media, in accordance with its roadmap, managed to stabilise its consolidated turnover compared with the second half of 2012, to €93.1 million, mainly thanks to the recovery of its advertising business.

To read the complete press release, click here.

Post by AdUX

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