Yellow Pages Ltd
TSX:Y
Yellow Pages Ltd
Yellow Pages Ltd. is a digital media and marketing company, which engages in the provision of digital advertising and marketing solutions. The company is headquartered in Montreal, Quebec and currently employs 651 full-time employees. The company went IPO on 2012-12-20. The firm offers tools to local businesses, national brands and consumers to interact and transact within digital economy. The firm provides small and medium-sized enterprises (SMEs) across Canada full-serve access to a suite of digital and traditional marketing solutions, such as online and mobile priority placement on Company's digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions as well as print advertising. Its marketing solutions also focus on the national advertising needs of brands and publishers. Its media properties, primarily desktop, mobile and print, serves as marketplaces for Canadian local merchants, brands and consumers. Yellow Pages Digital & Media Solutions Limited is its subsidiary.
Yellow Pages Ltd. is a digital media and marketing company, which engages in the provision of digital advertising and marketing solutions. The company is headquartered in Montreal, Quebec and currently employs 651 full-time employees. The company went IPO on 2012-12-20. The firm offers tools to local businesses, national brands and consumers to interact and transact within digital economy. The firm provides small and medium-sized enterprises (SMEs) across Canada full-serve access to a suite of digital and traditional marketing solutions, such as online and mobile priority placement on Company's digital media properties, content syndication, search engine solutions, Website fulfillment, social media campaign management, digital display advertising, video production, e-commerce solutions as well as print advertising. Its marketing solutions also focus on the national advertising needs of brands and publishers. Its media properties, primarily desktop, mobile and print, serves as marketplaces for Canadian local merchants, brands and consumers. Yellow Pages Digital & Media Solutions Limited is its subsidiary.
Revenue Decline: Total revenue fell 8.1% year-over-year to $48.3 million, mainly due to declines in digital media and print products.
Print Disruption: Canada Post labor issues delayed $0.5 million in print revenue, which will now be recognized in Q4, slightly improving underlying revenue trends.
Digital Revenues: Digital revenues decreased 6.2% year-over-year to $40 million, but the rate of decline improved compared to last year.
Profitability: Adjusted EBITDA dropped 20.3% to $10 million, with margins down to 20.6% from 23.8% last year due to revenue pressures and product mix changes.
Net Income: Net income fell to $4 million from $6.3 million last year, mainly because of lower EBITDA and higher charges.
Dividend Maintained: A $0.25 per share dividend was declared, consistent with previous quarters.
Strong Cash Balance: Ended October with approximately $59 million in cash.
