Lycos Europe Ecomm up 73 percent

[Brett_Tabke]

RC passed this one along:

Lycos Europe has reported revenues of 48 million euros (£29.73m) from e- commerce, licensing and internet access activities in its results for the second half of 2001.

The figure represents a 73 per cent increase over the same period in 2000 and
accounted for almost 70 per cent of the portal's total revenues for the period of 68.8m euros (£42.62m).

[revolutionmagazine.com...]

[Rumbas]

Go, go, gooo!
Nice numbers :)

[heini]

>accounted for almost 70 per cent of the portal's total revenues
which reflects the down of ad revenues.

> e- commerce, licensing and internet access activities
Just like AOL/TimeWarner Lycos.Europe has with Bertelsmann a partner whose worldwide entertainment products, music, video, books etc get pushed heavily.

Took espotting on board, went PFI for their once well maintaind quality directory, resell FAST's PartnerSite.

Went into access and hosting biz.

The group is in the middle of an hefty restructuring programme.
Fired 300 people last year, 200 more have to go this year.
Closing down Poland, Austria, Swiss, Finland.

Still lost €67,5 Mill.

All in all and taking into account their cash reserves of € 288.9 Mill Lycos.Europe seems well equipped for the competition with MSN, AOL, and, in Germany, T-Online.

[rcjordan]

We're pretty much at rock bottom now so far as ad revenue goes and there are definite signs of a rebound of sorts there, so I see 2003 as providing a chance to pick up some against that loss. They've more than halved the loss over the same period in 2000 already.