logo
Share SHARE
FONT-SIZE Plus   Neg

Blinkx Sees Annual Revenues Of $245 Mln - $247 Mln - Quick Facts

Blinkx Plc (BLNX.L), in its trading update for fiscal 2014, said it expects revenues to be in the range of $245 million - $247 million and adjusted EBITDA of $37 million - $39 million, in line with market view.

As announced earlier, the company would host a Capital Markets Day for Institutional Investors and Analysts in London today, which would include presentations by both the company and representatives from the online advertising ecosystem, followed by a panel discussion.

Today, blinkx also published a detailed response to a blog post dated January 28, 2014, that questioned its business model and practices. blinkx strongly refuted the assertions made in the blog at the time it was published.

"We are pleased with the performance of the business in FY2014, particularly with the successful integration of Rhythm in mobile video, despite the obvious distractions in the last quarter of the financial year," said Brian Mukherjee, Chief Executive Officer of blinkx.

The company expects to announce its fiscal 2014 results on May 6, 2014.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
comments powered by Disqus
Follow RTT