Business
Mood Media Reports Third Quarter Operating and Financial Results
Mood Media Corporation EBITDA increases 16% to $32.1 million, reflecting gains in the...
About this update from Maximus Metals, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nMood Media Corporation EBITDA increases 16% to $32.1 million, reflecting\n gains in the North American and International business segments\n\n\nRevenues rise by 38% year-over-year to $120 million\n\n\nBlended ARPU (average revenue per unit) rises 3% to $60.12 on\n improvements in visual penetration \n\n\nBlended churn remains stable at 0.72% per month\n\n\nTORONTO, Nov. 7, 2012 /CNW/ - Mood Media Corporation (ISIN:\n CA61534J1057) (TSX: MM) (LSE AIM: MM), one of the world's largest\n integrated providers of in-store customer solutions,  today reported\n results for the third quarter ended September 30, 2012.\n\n\nThe Company reported revenues of $120 million, a 38% increase versus the\n prior year's quarter, driven by acquisitions, improvements in the North\n American and International geographic markets, audio and visual\n customer growth, and rising blended ARPU.\n\n\nAdjusted EBITDA rose by 16% relative to the prior year's quarter to\n $32.1 million reflecting acquisitions, improvements in ARPU and offset\n by lower equipment sales, lower non-recurring revenues and unfavourable\n translation of Euro results.\n\n\nNet loss per share from continuing operations was ($0.03) compared with\n ($0.09) in the prior-year period. Lower losses in the current period\n were driven by the improvement in EBITDA and a foreign exchange gain on\n financing transactions, offset by higher transaction and restructuring\n costs and unfavourable translation of Euro results to our reported U.S.\n dollar results.\n\n\n\"Mood Media is establishing market-leading capabilities in media,\n interactive and sensory solutions to enhance in-store consumer\n experience, and we are seeing the results of this strategy in our\n strong growth in ARPU for the third quarter,\" said Lorne Abony,\n Chairman and CEO of Mood Media.\n\n\n\"The strength and breadth of our solutions along with our\n industry-leading reach and expertise has produced sustained growth in\n our visual customer base, has enabled us to introduce new, innovative\n services and has attracted a growing list of premier brands that we are\n partnering with. Mood Media is committed to a clear goal, to be\n recognized as the world's leading designer of customer experience in\n the in-store environment.\"\n\n\n\"We performed well in the third quarter as is evident in the impr...