Summary:

Lycos Europe Registers First Positive EBITDA: Lycos Europe has recorded for the first time positive earnings before interest, tax, depreciat…

Lycos Europe Registers First Positive EBITDA: Lycos Europe has recorded for the first time positive earnings before interest, tax, depreciation and amortization, as planned. The EUR1.5 million EBITDA resulted from operational improvements as well as non-recurring items, including seasonality and the reduction of restructuring accruals. The Q4 net loss amounted to EUR1.5 million, compared to EUR28.9 million a year earlier.

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By Rafat Ali

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