Feeds

Lycos Europe ups revs, narrows losses

Whatever

  • alert
  • submit to reddit

Boost IT visibility and business value

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
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
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
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
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
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.
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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.