YPG announced positive Q2 revenues and strong growth online:
Consolidated Adjusted Revenues increased 4.3% in the second quarter to reach $430.6 million. Revenues increased by $19.3 million to $430.4 million during the second quarter of 2008, compared with the same period last year. Consolidated Adjusted EBITDA1 grew by 7.3% to $235.4 million, while EBITDA (income from operations before depreciation and amortization) increased by $15.7 million or 7.1% to $236 million in the same period.
Online revenues from Directories and Vertical Media combined amounted to $61.4 million in the quarter. This represents organic growth of 44% over the second quarter of 2007. On an annualized basis, online revenues reached $245.6 million.
If I’m doing the calculation right online is now 14% of YPG overall revenues. That compares, generally, with <10% for US publishers.
How does one explain the Canadian success, while American publishers continue to struggle?
- Better management
- Monopoly status in directory industry
- More diversified online revenue sources
- Less online competition in Canada
- Pact with Satan