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31.07.2017 13:35
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PR Newswire
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XO Group Reports Second Quarter 2017 Financial Results;
Mann mit Wirtschaftszeitung (Symbolbild).
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PR Newswire
NEW YORK, July 31, 2017
NEW YORK, July 31, 2017 /PRNewswire/ -- XO Group Inc. (the "Company") (NYSE: XOXO, xogroupinc.com), today reported financial results for the three and six months ended June 30, 2017.
Total revenue for the second quarter of 2017 was $42.2 million, up 9% as compared to the same period in the prior year and the Adjusted EBITDA margin was 19%. GAAP net income for the quarter was $1.4 million or $0.06 per diluted share compared to diluted earnings per share of $0.15 in the same period in the prior year. Non-GAAP net income was $2.7 million or $0.11 per diluted share. The Company's balance sheet at June 30, 2017 reflected cash and cash equivalents of $98.4 million compared to $105.7 million at December 31, 2016. The Company repurchased and retired shares of its common stock for an aggregate price of $8.2 million during the quarter as part of the Company's previously announced repurchase program.
"We continue to develop great products that our couples love while delivering distinct value to our business partners. I am pleased to report another quarter of robust growth in our transactions business and our highest year-over-year quarterly growth rate in local online since the first quarter of 2016," said Mike Steib, Chief Executive Officer.
XO's Management Team will welcome Analysts and Investors at an Analyst Breakfast and Meeting on September 27th. More details to come.
Long-Term Financial Targets
The Company's long-term financial targets are double digit revenue growth rates and gross margins of approximately 90-95%, yielding adjusted EBITDA margins of 20%.
| XO GROUP INC. | ||||||||||||||||
| | | | | | ||||||||||||
| | | Three Months Ended June 30, | | Six Months Ended June 30, | ||||||||||||
| | | 2017 | | 2016 | | 2017 | | 2016 | ||||||||
| Net revenue: | | | | | | | | | ||||||||
| National online advertising | | $ | 9,746 | | | $ | 9,566 | | | $ | 18,674 | | | $ | 18,224 | |
| Local online advertising | | 18,991 | | | 16,652 | | | 37,425 | | | 34,831 | | ||||
| Total online advertising | | 28,737 | | | 26,218 | | | 56,099 | | | 53,055 | | ||||
| Transactions | | 8,190 | | | 6,431 | | | 13,152 | | | 10,635 | | ||||
| Publishing and other | | 5,299 | | | 6,059 | | | 8,735 | | | 10,687 | | ||||
| Total net revenue | | 42,226 | | | 38,708 | | | 77,986 | | | 74,377 | | ||||
| Cost of revenue: | | | | | | | | | ||||||||
| Online advertising | | 919 | | | 684 | | | 1,850 | | | 1,299 | | ||||
| Publishing and other | | 1,867 | | | 2,072 | | | 2,845 | | | 3,182 | | ||||
| Total cost of revenue | | 2,786 | | | 2,756 | | | 4,695 | | | 4,481 | | ||||
| Gross profit | | 39,440 | | | 35,952 | | | 73,291 | | | 69,896 | | ||||
| Operating expenses: | | | | | | | | | ||||||||
| | | | | | | | | | | | | | ||||
| Product and content development | | 11,914 | | | 10,814 | | | 23,655 | | | 21,659 | | ||||
| Sales and marketing | | 14,030 | | | 11,513 | | | 27,531 | | | 23,074 | | ||||
| General and administrative | | 7,961 | | | 5,833 | | | 15,262 | | | 12,183 | | ||||
| | | | | | | | | | | | | |||||
| Depreciation and amortization | | 2,011 | | | 1,641 | | | 3,669 | | | 3,235 | | ||||
| Total operating expenses | | 35,917 | | | 29,801 | | | 70,117 | | | 60,151 | | ||||
| Income from operations | | 3,524 Werbung Mehr Nachrichten zur Xo Group Aktie kostenlos abonnieren
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