DG FastChannel Raises Expectations
December 19, 2007 at 3:32 PM (PT)
DG FASTCHANNEL, the leading provider of digital media advertising services to the advertising and broadcast industries, has raised its 2007 and 2008 Pro Forma Revenue and EBITDA outlook.
DG FASTCHANNEL now expects to generate full year 2007 pro forma revenue in a range of $116 million to $118 million and pro forma EBITDA of approximately $39 million. DG FASTCHANNEL's prior 2007 pro forma guidance was for revenue in a range of $110 million to $113 million and EBITDA in a range of $37 million to $39 million.
DG FASTCHANNEL also increased its 2008 revenue and EBITDA guidance on a pro forma basis. The Company now expects full year 2008 revenue in a range of $126-$130 million and pro forma EBITDA in a range of approximately $44-$48 million. DG FastChannel's prior 2008 pro forma guidance was for revenue in a range of $122 million-$126 million and pro forma EBITDA in a range of $41-$44 million.
DG FASTCHANNEL also announced that it will acquire the VYVX advertising services business including its distribution, post-production and related operations.
DG FASTCHANNEL Chairman/CEO SCOTT K. GINSBURG said, "The 2007 pro forma estimates reflect strong demand for the delivery of advertising to television, cable and television and cable networks. As we conclude this year's business and move towards the new year, DG FASTCHANNEL's product lineup together with the realization of cost synergies from our recent transactions will result in record financial results in the fourth quarter and bode well for 2008."