Brief: Otello Q4 EBITDA $2.9 mln, lags forecast

Otello ASA

28/02/2018 06:01

Feb 28 (Reuters) - Otello Corporation Asa  OTELLO.OL : 
    * Q4 REVENUES $99.2 MILLION (REUTERS POLL $99.7 MILLION) 
    * Q4 ADJUSTED EBITDA $2.9 MILLION (REUTERS POLL $6.6 
MILLION) 
    * EXPECTS SKYFIRE TO BE ADJUSTED. EBITDA PROFITABLE IN 
2018 
    * EXPECTS TO SEE REVENUE AND ADJUSTED. EBITDA GROWTH IN 
BEMOBI IN 
2018 VERSUS 2017, AS BEMOBI TAKES THE SUCCESS IN BRAZIL TO A 
GLOBAL ARENA 
    * OTELLO:  EXPECTS ADCOLONY TO BE ADJUSTED. EBITDA 
PROFITABLE IN 
2018. OVERALL, LONGER TERM GROWTH WILL BE DRIVEN IN PARTICULAR 
BY OUR MOVE TO MORE PROGRAMMATIC DELIVERY OF ADS AND NEW 
TECHNOLOGY 
    * OTELLO:  REMAINS POSITIVE ABOUT THE GROUP'S OVERALL GROWTH 
PROSPECTS 
    * OTELLO:  WITH ADCOLONY, BEMOBI, AND SKYFIRE, OTELLO HAS 
THREE 
SCALABLE BUSINESSES FOR THE DIGITAL FUTURE 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nObig0KTFa 
Further company coverage:  OTELLO.OL  
 
 (Reporting By Joachim Dagenborg) 
 ((joachim.dagenborg@thomsonreuters.com;))