Feeds

Lycos Europe ups revs, narrows losses

Whatever

  • alert
  • submit to reddit

Build a business case: developing custom apps

Lycos Europe is on course to make a profit next year, the portal and internet group announced today.

Revenue for 2004 was up 22 per cent to €103.8m, buoyed by increased internet access revenues and increased cash from shopping and other 'paid for' services.

At the same time, pre-tax losses narrowed from €62.3m to €50.3m in 2004.

Said Lycos chief exec Christoph Mohn: "These figures verify that Lycos Europe is on the right course to reach its corporate objective 'profitability for the full year 2006'.

"The disproportionately large increase in revenues from Paid Services & Shopping as well as the disproportionately growing revenues from the Internet Access business in 2004 form a workable basis for a positive outlook for future years."

The company - which operates portals in Denmark, Germany, France and the UK, among others - is planning further cost cutting to hit its numbers. ®

Related stories

Lycos Europe buys Tiscali Sweden
Lycos goes straight
Lycos antispam site taken offline
Lycos screensaver to blitz spam servers

The essential guide to IT transformation

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?