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Lycos Europe - Positive EBITDA in Q4 2002.
1.5 million euros
Rumbas

WebmasterWorld Administrator 10+ Year Member



 
Msg#: 798 posted 1:32 pm on Feb 10, 2003 (gmt 0)

Yahoo News [story.news.yahoo.com]

earnings before interest, tax, depreciation and amortization (EBITDA) of 1.5 million euros ($1.62 million) in the fourth quarter of 2002.

 

Tor

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 798 posted 2:12 pm on Feb 10, 2003 (gmt 0)

On December 31, 2002, Lycos Europe´s cash position amounted to EUR 219.6 million.

They still have quite some cash reserves left for 2003. Lycos Europe is clealy on the right track. Let`s hope they can turn around the ship and get into positive territory for the fiscal year 2003.

heini

WebmasterWorld Senior Member heini us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 798 posted 2:14 pm on Feb 10, 2003 (gmt 0)

Yep, I studied the Lycos press release [lycos.de] earlier today.

Agreed, it does look better now, but it's not more than a very slim silver lining.

Fact is, revenues decreased yet again. The only reason for the positive EBITDA is massive cost cutting, mostly firing people, and selling off of properties like Nettavisen and Netzeitung.de.

I fail to see a clear concept where to go for a real break even though. Basically Lycos.Europe still is in the same pit as Yahoo Europe or AOL Europe. All built on ad revenues.
The only big portal in Germany I know of making a profit is Web.de. They have started very early to push paid services.

SEGuru2

10+ Year Member



 
Msg#: 798 posted 3:47 pm on Feb 10, 2003 (gmt 0)

Show me POSITIVE EBITDA BABY! DO IT!

Rumbas

WebmasterWorld Administrator 10+ Year Member



 
Msg#: 798 posted 4:00 pm on Feb 10, 2003 (gmt 0)

Hehe, I have a feeling you *really* like FAST SEguru ;)

Well, don't we all? (love them and a positive ebitda)

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