Business
Mood Media Corporation begins 2012 with strong year-over-year Revenue and EBITDA growth
Record Q1 Revenue of $84.1m; up 153% from prior year Record Q1 Adjusted EBITDA of $2...
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\n\n\n\nRecord Q1 Revenue of $84.1m; up 153% from prior year\n\n\nRecord Q1 Adjusted EBITDA of $21.6m; up 181% from prior year\n\n\nTORONTO, May 11, 2012 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX:MM / LSE AIM:MM) (\"Mood Media\" or the \"Company\"),\n one of the world's leading in-store media solution providers, announced\n today its results for the three months ended March 31, 2012.\n\n\nLorne Abony, Chairman and CEO of Mood Media Corporation, comments:\n\n\n\"In the first quarter of 2012, Mood Media cemented its position as the\n global in-store media leader.  Mood Media's enormous year-over-year\n leap forward in Revenue and EBITDA reflects our aggressive growth\n strategy complemented by disciplined management of our existing\n business.  In Q1, Recurring Revenue grew to 76% of Mood Media's overall\n Revenue, while we maintained strong Average Monthly Revenue of $60 per\n location. Churn improved year-over-year from 10.3% to 9.2%.\n\n\nEven more exciting than the Q1 financial results is the rapid expansion\n of Mood Media's sales pipeline, driven by an acceleration of Mood\n Media's visual business.  Visual installations increased by 109%\n year-over-year, faster than anticipated.  As of today, approximately\n 4,500 locations are contracted to take our visual offering with the\n potential for an additional 10,000 sites with the same customers,\n including such well-known brands as H&R Block, UPS, Clear Channel, and\n Quicksilver.  Over time, Management expects the increase in short-term\n installation revenue that has accompanied the growth of the visual\n business to decrease but shift towards a larger, more sustained and\n profitable recurring revenue base, along with a higher level of\n growth-related capital expenditure.\n\n\nIn Q1, Mood Media further grew its offerings through its acquisition of\n DMX Holdings Inc (\"DMX\"); DMX is a leading provider of brand-enhancing\n in-store media services, delivering services to over 100,000 locations\n worldwide.  The DMX suite of services includes music services,\n strategies, promotions, music licensing, video and digital signage,\n audio/visual system design, as well as scent marketing, and mobile and\n audio messaging solutions.\n\n\nOur progress has not gone unnoticed: in April, Mood Media's corporate\n credit rating out...