EBITDA was up 39% to $26.1M, just short of an expected $27M. Ad revenue grew nearly 24%; revenue from the company's top 30 strategic advertisers was up 42% Y/Y.
Revenue by segment: Advertising and sponsorship, $72.9M (up 23.6%); premium services, $8.8M (up 116%).
For Q1, the company's guiding to total revenue of $47M-$51M ($43M-$47M from advertising and sponsorship), vs. $47.7M expected, and for EBITDA of -$0.5M to $0.5M, light of consensus for $1.7M. For the full year, it's forecasting $250M-$260M in total revenue ($233M-$243M from ads and sponsorship), vs. $255.4M expected, and EBITDA of $43.6M-$47.6M, below a consensus for $49.3M.
Conference call to come at 4:30 p.m. ET.
Update: Shares are up 26% premarket on Wednesday on average volume.
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