Network revenue of $7.8M was up 21% in Q4, but O&O revenue slipped 27% to $8.5M.
CEO Fred Thiel says the results were consistent with their early announcement: "We were disappointed with our revenue," but the transformation they began last year is taking hold: "to grow our mobile search market share; to monetize our audience through programmatic media buying; to attract advertisers by ensuring the highest traffic quality; and to increase our audience across all our platforms."
Margins were higher at 26%. Monthly unique visitors were 59M, down sharply from the prior year's 80M and from 66M in Q3.
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