Feeds

Lycos Europe ups revs, narrows losses

Whatever

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

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

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.