$99 Million in Earnings with 44% Coming from International Business
NEW YORK, September 12 /CNW/ - Dada S.p.A. (MTAX STAR: DA.MI), an
international leader in the provision of Web and mobile community and
entertainment services, and parent company of Dada USA, reported its earnings
for the first half of 2007 ending June 30th with revenue up 50% percent
year-over-year to $99.73 million (Euro 73.3 million). The strong revenue
growth was fueled by Dada's international activities representing 44% of
overall sales compared with 34% in the first half of 2006.
"Dada has done a great job penetrating foreign markets by offering the
consumer a fun and innovative way to connect with friends through the internet
or their mobile phones," said Max Pellegrini, CEO of Dada USA. "We have
generated close to $100 million in revenue in the first half of 2007 and I
expect even stronger results in the second half thanks to our new venture with
Sony. With the creation of Dada Entertainment LLC in partnership with Sony BMG
along with 40,000 new subscribers a day, Dada is positioned to become a top
provider of web and mobile based entertainment services."
US traffic to the Dada website has increased 405% since January 2007(1).
Dada is now the 537th most visited website in the "Computers and Internet -
Net Communities and Chat" category for the week ending September 1st 2007,
moving up 233 spots within the rankings.
Other Key Financial Results Include:
-- EBITDA increased to $14.01 million (Euro 10.3 million), an increase
from $9.79 million in the first half of 2006, despite strong investments made
for launching international activities and the development of the Dada.net
community, which today numbers more than 8 million users from 30 countries,
with an average daily increase of 40,000 new subscribers globally.
-- EBIT at $10.47 million (Euro 7.7 million) and equal to 11% of
consolidated sales compared to $3.53 million (Euro 2.6 million) in the first
half of 2006.
-- Net Profit amounts to $8.843 million (Euro 6.5 million), compared to
$6.12 million (Euro 4.5 million), registered in the second quarter of 2006 and
equal to 9% of consolidated revenues.
-- Net financial position as at June 30, 2007 rose to $23.1 million
(Euro 17 million), growing by 44% compared with data from December 31, 2006.
Dada closed the second quarter with two strategic business development
deals. Dada acquired of 100% of the shares of the UK company Namesco, a market
leader in domains and hosting. Dada also lead the creation of the joint
venture "Dada Entertainment LLC," a cooperative venture between Dada and SONY
BMG MUSIC ENTERTAINMENT aimed at developing a new entertainment services
offering accessible via web and mobile devices.
The official Dada S.p.A. press release with full financial disclosure was
released to the financial market on September 5, 2007 and can be found on
their Web site at http://dada.dada.net/en. For direct link to release please
visit the following site:
(Due to its length, this URL may need to be copied/pasted into your Internet
browser's address field. Remove the extra space if one exists.)
The currency exchange rate applied is Eur 1 = US $ 1.361.
Figures represent the US monthly market share of visits for August 2007
versus January 2007
About Dada S.p.A
Dada S.p.A. (dada.dada.net), is a leading international provider of web
and mobile community and entertainment services. Dada is listed on the Milan
Stock Exchange in the STAR segment (DA.MI) and includes the RCS MediaGroup
(which holds approximately 46.8% among its shareholders, in addition to the
management and founding shareholders with approximately 14.6% of the share
Dada's services are provided through the community Dada.net
(www.dada.net) and offers its customers a rich range of fee-based community
and entertainment products and services to communicate, entertain and educate,
and are accessible both via PC and mobile phone (through the SMS/MMS channel
and the micro-portals of the main mobile phone operators). The Dada consumer
offering is available, in Italy, in the USA, through its subsidiary Dada USA,
in Spain, through its subsidiary Dada Iberia, in Brazil through its subsidiary
Dada Brazil, in China through its subsidiary Dada China, and in Portugal,
Germany, the United Kingdom, France, Belgium, The Netherlands, Austria,
Hungary, Czech Republic, Canada, Australia, Indonesia, India, Mexico,
Argentina, Chile, Columbia, Uruguay, Philippines, Malaysia, Peru, Poland,
Russia, Turkey and Venezuela.
The Dada Group includes Register.it (www.register.it), established leader
in the registration of Internet domains, which has recently acquired Nominalia
S.L., leader in Spain in the same sector; Upoc Networks Inc., a well
established provider of web and mobile value added services in the US, Tipic
Inc., an international leader in the blog and social networking sector with
the Splinder and Motime brands and E-Box S.r.l., owner of Blogo platform, the
most visited Italian network of vertical blogs.
For further information:
For further information: Media: Fusion Public Relations Matt Clark,