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Donnerstag, 01.03.2018 13:35 von PR Newswire | Aufrufe: 63

XO Group Reports Fourth Quarter and Full Year 2017 Financial Results

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PR Newswire

NEW YORK, March 1, 2018

NEW YORK, March 1, 2018 /PRNewswire/ -- XO Group Inc. (the "Company") (NYSE: XOXO, xogroupinc.com), today reported financial results for the three months and full year ended December 31, 2017.

Total revenue for the fourth quarter of 2017 was $42.3 million, up 3% compared to the same period in the prior year. GAAP net income for the quarter was $0.4 million or $0.02 per diluted share compared to $0.13 in the prior year quarter. The Company's Q4 2017 earnings include tax expense of approximately $3.0 million, related to the impact of the U.S. Tax Cuts and Jobs Act of 2017. Excluding this expense, non-GAAP net income for the quarter was $3.5 million or $0.14 per diluted share compared to $0.13 in the prior year quarter. The Company's balance sheet at December 31, 2017 reflects cash and cash equivalents of $106.1 million compared to $105.7 million at December 31, 2016.

"We continue to develop innovative products that help our couples navigate and enjoy life's biggest moments while delivering distinct value to our business partners. In 2017, we delivered strong revenue growth in our transactions and local online businesses alongside record vendor count and retention rates for our local marketplace," said Mike Steib, Chief Executive Officer.

Long-Term Financial Targets

The Company is reiterating its long-term financial targets of double digit revenue growth rates, gross margins of approximately 90-95%, and adjusted EBITDA margins of 20%.

XO GROUP INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands, except for per share data)
(unaudited)

ARIVA.DE Börsen-Geflüster

Kurse

Xo Group

0,00%

Three months ended December 31,

Twelve months ended December 31,

2017

2016

2017

2016

Net revenue:

Local online advertising

20,802

18,368

78,358

70,239

National online advertising

9,913

11,789

37,429

38,945

Total online advertising

30,715

30,157

115,787

109,184

Transactions

6,004

5,079

27,106

22,819

Publishing and other

5,614

5,772

17,663

20,113

Total net revenue

42,333

41,008

160,556

152,116

Cost of revenue:

Online advertising

1,507

1,563

4,564

3,665

Publishing and other

2,008

1,921

5,960

6,089

Total cost of revenue

3,515

3,484

10,524

9,754

Gross profit

38,818

37,524

150,032

142,362

Operating expenses:

Product and content development

11,044

11,094

45,180

43,874

Sales and marketing

13,361

13,945

53,093

49,738

General and administrative

7,056

5,836

30,797

24,494

Depreciation and amortization

1,538

1,563

6,772

6,390

Total operating expenses

32,999

32,438

135,842

124,496

Income from operations

5,819

5,086

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