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18 Dec 2014 07:00
Crossrider plc
("Crossrider," the "Company" or the "Group")
Trading Update
Crossrider (AIM: CROS), the creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data, today provides the following trading update.
The Directors are pleased to announce that the operational momentum outlined at the time of the Group's admission to trading on AIM ("Admission") has continued. As a result of better than expected trading, driven by organic growth of the Group's existing service offering, both revenues and EBITDA for the full year to 31 December 2014 ("FY2014") are expected to be ahead of market expectations.
The Group will issue a further trading update in mid-January in respect of FY2014.
Koby Menachemi, Chief Executive Officer of Crossrider, said:
"Following Admission we have continued to develop our service offering and proprietary technologies in pursuit of our strategic objectives. Our rapidly growing marketplace continues to demonstrate excellent growth opportunities, driven by the growth in mobile advertising and we are working at the forefront of this sector."
"The Board looks forward to updating shareholders on the Group's continuing progress when it reports maiden full year results for FY2014."
- Ends -
For more information contact
Crossrider plc Koby Menachemi, Chief Executive Officer Mark Carlisle, Chief Financial Officer c/o Bell Pottinger
| +44 (0) 20 3772 2500 |
Shore Capital Bidhi Bhoma Toby Gibbs Jamie Cameron
| +44 (0) 20 7408 4090 |
Bell Pottinger David Rydell Olly Scott James Newman | +44 (0) 20 3772 2500 |
About Crossrider
Crossrider is a creator of digital advertising platforms specialising in monetising web and mobile media through the use of big data. The Company's web and mobile platforms power ad networks, agencies and direct publishers and enable the delivery of relevant digital advertising through the analysis of big data: making online marketing significantly more efficient and cost effective.
The Group operates web and mobile platforms which generate big data, enabling the development of a proprietary ad serving algorithm and engine that can extract value from this data to deliver relevant advertising to targeted users.
Crossrider's vision is to become the de facto standard platform for delivering relevant web and mobile adverts to billions of people, powering the next generation of digital advertising.
www.crossrider.com
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