Mood Media Reports Strong Growth
Adrian J Cotterill, Editor-in-Chief
Mood Media Corporation (TSX:MM / LSE AIM:MM) announced today its results for the three and twelve months ended December 31, 2010.
Lorne Abony, Chairman and CEO of Mood Media told us “We are exceptionally pleased with our Q4 results. Our revenue and EBITDA growth speaks both to the utility of our products and services to retailers, as well as our execution on fundamental business practices of sales, customer retention, and a disciplined focus on integration and cost containment. We are particularly pleased to have been able to follow our strong Q3 with an even stronger Q4. 2010 was a transformative year for Mood Media, and we have closed the year with tremendous momentum in all of our businesses.”
Lorne claims that Q4’s in-store media division results are a testament to the significant value which Mood Media offers to its retail and hospitality clients. Revenue in Q4 grew by 9% over the prior quarter, fuelled by new client wins in both 2010 and in Q4, which included Dairy Queen, Toys R Us, Fruits & Passion, Guess, An Post and Carter’s.
Mood Media’s retail point-of-purchase division also enjoyed a strong quarter, with record sales at Costco and Walmart Canada during the holiday season. Q4 saw this division continue to expand its distribution network, launching into 1,100 Michael’s stores in the USA and Canada.
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