Terra Lycos revenues up 17 per cent in Q1
7 May 2004
Internet company Terra Lycos has increased revenues during the first three months of 2004 by 17 per cent to 134 million euro.
The firm reported that EBITDA was up by 16 million euro over the quarter and net income rose by 15 million euro, or 27 per cent, to -40 million euro.
Terra Lycos revealed that the number of paid access, communication and portal services subscribers increased 62 per cent over the quarter, compared to the same period the previous year, to 5.3 million. During March 2004, Terra Lycos claims it had a total of 726,000 broadband customers, 73 per cent more than in March 2003, while subscribers to communications and portal services grew 95 per cent over the month to approach 3.5 million.
During the first three months of the year, the access business accounted for 42 per cent of Terra Lycos revenues, advertising and e-commerce accounted for 25 per cent, value-added communication, portal and content services accounted for 22 per cent and corporate & SME services and other revenues for ten per cent.
Kim Faura, executive chairman of Terra Lycos, claimed the results "clearly show that we are on the right path, very focused on our clients and on profitable business segments".
"During this year we will continue working towards obtaining customer satisfaction by placing the client at the centre of all our decisions and strengthening the Company as the leading portal in our core markets," he added.
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