Brief: Otello Corporation Q2 Adjusted EBITDA Down At USD 3.5 Million

Otello ASA

20/08/2020 06:12

Aug 20 (Reuters) - Otello Corporation ASA  OTELLO.OL :
    * Q2 REVENUE WAS DOWN BY 4 PERCENT VERSUS 2Q19 TO USD 54.0
MILLION
(USD 56.2 MILLION)
    * Q2 ADJUSTED. EBITDA USD 3.5 MILLION VERSUS USD 3.9 MILLION
YEAR
AGO
    * OTELLO EXPECTS ADCOLONY REVENUE TO GROW BY 10% IN 2020
VERSUS
2019 DRIVEN BY OUR BRAND AND PROGRAMMATIC BUSINESS
    * EXPECT COVID-19 TO NEGATIVELY IMPACT REVENUE AND PROFIT IN
2020

Source text for Eikon:  ID:nWkr5J7blJ 
Further company coverage:  OTELLO.OL 

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