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NetRatings Turns Profit, Appoints Euro MD
NetRatings has announced results for the quarter ended June 30. Revenues were $19.9m, up 17% on Q2 2005. Net income for the quarter was $931,000, turning round a $2.3m net loss in Q2 2005. The company has also appointed Louise Ainsworth as MD of its European business.
EBITDA earnings in the quarter were $2.2m or $0.06 per share, compared with a loss of $577,000 in Q2 2005.
'NetRatings had an extremely productive quarter on all fronts, including financial results that exceeded our forecasts and delivered our first quarter of net income profitability' said William Pulver, the firm's President and CEO, citing strong product sales and the contribution from NetRatings' patent licensing program as key factors. He added that product rollouts, including AdRelevance in China and an expanded NetView service in key European markets, and the expansion of services to include measurement of all online digital and audio content bode well for the future.
NetRatings projects revenue for the third quarter of between $20.8m and $21.2m and EBITDA per share of $0.06-$0.08; and for the full year, revenue of $79-81m and EBITDA per share from $0.20-$0.22.
Ainsworth, whose appointment is effective Sept. 4, joins from OgilvyOne Worldwide in London where she was Managing Partner, Consulting and Planning. Previous roles include MD of OgilvyInteractive, and jobs with Organic Online (now Agency.com), the BBC and Bain & Company. She has a BA in Engineering & Economics from Oxford, an MSc in Management Science & Operational Research from Warwick and an MBA from INSEAD France. Pulver says her arrival should 're-energize our European business'.
The company is online at www.nielsen-netratings.com .
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