Share Prices & Company Research

Market News

01 Apr 2019 | 09:18

Matomy Media posts deeper annual loss after exiting data-driven platforms

Advertising technology company Matomy Media Group booked a deeper annual loss after it exited all of its data-driven advertising platforms.

Net losses for the year through December amounted to $46.6m, compared to losses of $14.4m on-year.

The figure included a loss on discontinued operations of $39.8m.

Pre-tax losses from continuing operations amounted to $3.3m, compared to losses of $16.3m on-year.

Revenue more than halved to $88.7m.

'Matomy underwent a number of changes in 2018, including a shift in focus and management,' chairman Sami Totah said.

'Under the leadership of Liam Galin, the company exited all activities that were sapping resources from the profitable domain monetization activity.'

'The results published in this report validate these steps and today Matomy is well positioned to move forward as the leading innovative force in the domain monetization marketplace.'

At 9:18am: (LON:MTMY) Matomy Media Group share price was +0.36p at 6.01p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.