Cyberplex Reports Q4 2011 Results, Revenues Down

BY: 

Dave Forde
April 2, 2012

Online publishing company Cyberplex reported its financial results for the fiscal year and fourth quarter-ended December 31, 2011 last week.  The company reported a total revenue for the year was $55.5 million a decrease from the $106.9 million recorded in 2010, and the adjusted EBITDA for the year was $1.1 million as compared to $4.7 million for the prior year.  The company had to pay a fine of $4.8 million to Yahoo! due to some bad quality traffic through a sub-company Tsavo Media back in February of this year which has had an impact on their quarterly earnings.

Cyberplex Q4 2011 Result Highlights:

  • The Company generated revenue of $9.9 million, a 40% decline from the $16.6 million recorded in the previous quarter
  • Non-Tsavo divisions produced their second consecutive quarter of sequential growth, increasing revenues in the fourth quarter by 29%.
  • Net loss for the quarter was $4.6 million compared to a net income of $1.0 million in the previous quarter
  • Cash flow from operations generated $5.0 million in cash for the twelve months ended December 31, 2011, as compared to $7.3 million for the same period in 2010

Tsavo Founder Ted Hastings also resigned due to the scandal back in February.

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>