video media channel and email media channel businesses.
The advertising firm said revenue for 2017 fell 11% to
The decrease in revenue "includes the downward revenues of the exited activities for the first half of 2017 and [...] does not provide a true picture of Matomy's activities as of December 31", the company said.
The company sold "Performance from Matomy" and "mtmy" in July 2017
During the year, email media channel revenue decreased by 48% to
Video media channel revenue decreased by 47% to
"As a result, scale and margins decreased across the video industry," the company said.
Domain monetisation revenue increased by 66% to
"2017 was a year of transition for the company, as Matomy exited activities outside the company's focus, and reduced operational costs. The core activities of programmatic mobile advertising and domain monetisation have grown nicely in 2017, and the company is poised to enjoy the full effects of the new focus in the year ahead," the company said.
"The board and management are confident that the core activities will continue to grow and raise revenues through 2018 and beyond," Matomy added.
Shares in the company were down 3.2% at