4 Feb 2019 13:46
Taptica to buy RhythmOne for £135m
(Sharecast News) - Mobile video advertising company Taptica International has agreed to buy RhythmOne for approximately £135m in shares.
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Don't have an account? Click here to register.Rhythmone cuts loss as revenue soars on integrated acquisitions
Thu, 13th Dec 2018 09:44
(Sharecast News) - RhythmOne's shares were boosted on Thursday after the digital advertising technology outfit cut its interim losses as the integration of YuMe spurred revenue growth.For the six months ended 30 September, pre-tax losses were cut to £1.6m from £8.3m over the equivalent period last year, on the back of a 53% increase in revenue to £175.5m.The AIM-listed company's newly integrated YuMe business, which was acquired just prior to the start of the new financial year in February, added £58.2m and the full contribution of RadiumOne, which was acquired in June 2017, also boosted the figure.Mark Bonney, chief executive of RhythmOne, said: "We are pleased to have achieved our objectives for H1 2019. During the Period, we focused significant effort on advancing key strategic and financial objectives including the unification of the RhythmOne programmatic platform where today we can say that the majority of our revenue is transacted on the platform."The unified, multi-channel, multi-format programmatic platform helped to drive revenue growth over the period and has been integrated with 162 new supply partners including Buzzfeed, Forbes and Bell Media.Cash and cash equivalents at the end of the period stood at £22m, down from £39.3m at the same point last year.Amy Rothstein, chief operating officer, said: "As we move into our seasonally strongest period for cash generation, we look forward to maximizing shareholder value through various methods including the Share Buyback Program and other strategic opportunities. With the unified RhythmOne Programmatic Platform, we are well positioned to take advantage of growth opportunities."RhythmOne's shares were up 6.09% at 188.00p at 1034 GMT
More News
30 Jan 2019 08:32
Taptica in advanced talks to buy RhythmOne
(Sharecast News) - Taptica confirmed on Wednesday that it is in advanced discussions with RhythmOne about a potential takeover of the company in an all-share deal.
Read more20 Nov 2018 12:36
RhythmOne enters anti-fraud collaboration with Pixalate
(Sharecast News) - RhythmOne on Tuesday formed a partnership with Pixalate to integrate the company's traffic-detection and filtration technology into its platform offering.
Read more19 Jan 2017 08:39
RhythmOne buys rewards and engagement platform for $42.5m
(ShareCast News) - Digital media firm RhythmOne has bought Perk, a Canada-based mobile-first rewards and engagement platform, for $42.5m in order to strengthen its scale. The AIM-listed company announced that it closed the deal on Thursday, after it agreed to buy Perk's issued outstanding common and
Read more5 Jan 2017 10:00
RhythmOne appoints Richard O'Connor as CFO
(ShareCast News) - AIM-listed digital advertising company RhythmOne has appointed Richard O'Connor as its new chief financial officer. He will take over from Ed Reginelli, who has decided to step down after five years in the role, following a "suitable handover period" and Reginelli will be availab
Read more5 Dec 2016 09:04
RhythmOne to buy Canada's Perk for $42.5m
(ShareCast News) - Video search company RhythmOne is to buy Toronto-listed Perk, a mobile-first rewards and engagement platform, for $42.5m in a bid to strengthen its scale and platform. The AIM-listed company has agreed to buy Perk's issued outstanding common and class A shares and certain employee
Read more15 Nov 2016 13:39
RhythmOne encouraged by reduction in H1 pretax loss
(ShareCast News) - RhythmOne is encouraged to see its first-half results reflect its strategic and operation focus on core mobile, video and programmatic products. The company booked a first-half pre-tax loss attributable to shareholders of $10.9m, from a year-earlier loss of $79.5m. Chief executiv
Read more11 Oct 2016 11:38
RhythmOne shares rise on first-half revenue growth
(ShareCast News) - RhythmOne provided a preliminary update on its expected performance for the half year to 30 September on Tuesday, flagging revenues of at least $80m, 80% of which was derived from core mobile, video and programmatic products. The AIM-traded firm said it made programmatic revenues
Read more11 Oct 2016 07:21
12 Jul 2016 08:37
RhythmOne confident online ads will escape Brexit effect
(ShareCast News) - Online advertising agency RhythmOne, which changed its name from Blinxx in June, expressed confidence about returning to full year profitability and played down the effects of Brexit as trading in the first quarter "materially" beat expectations. A trading update for the first qua
Read more12 Jul 2016 07:26