wordpress blog stats
Connect with us

Hi, what are you looking for?

Lycos’s net profit dips 4.32% to Rs 94.68 crore

Hyderabad-based Internet company Lycos (formerly Ybrant Digital) has reported digital marketing revenues of Rs 430.18 crore for the quarter ended June 2017 (Q1 FY18). This represented a rise of 1.73% from the same quarter last year and an increase of 0.12% on a sequential basis.

  • The segment reported a profit before tax of Rs 136.50 crore in the quarter, a dip of 4.49% sequentially and a decrease of 2.14% on a year-on-year basis.
  • Digital marketing contributed 79% to Lycos’ consolidated operational revenue.

The company reported consolidated revenue of Rs 538.40 crore for Q1 FY17, a decrease of 1.13% quarter-on-quarter (QoQ) from Rs 544.58 crore, and an increase of 1.23% from Rs 531.83  crore.

Consolidated EBITDA for Lycos stood at Rs 163.70 crore increasing 1.76% from Rs 171.52 crore in the same quarter last year. EBITDA decreased 4.56% from Rs 160.87 crore in the preceding quarter. Net profit stood at Rs 94.68  crore decreasing 4.32% from Rs 98.95 crore in the preceding quarter, and increasing of 0.36% Y-o-Y at Rs 94.34 crore.

Lycos’s chairman Suresh Reddy said that the focus in Q1 was sstabilizing the ship and lay foundations for solid growth.

Software development revenue: Revenue from the software development business (standalone basis) marginally increase with the segment reporting revenue of Rs 108.21 crore in Q1 FY17, from Rs 108.98 crore in the corresponding quarter last year.

Operational highlights: Lycos said in its release that it is working on a summer release of a new Web Publishing platform based on the WordPress platform.

Download: Financials

You May Also Like


Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...


Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...


Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...


Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ