DG Fastchannel Reports Record Financials
August 6, 2009 at 6:05 AM (PT)
DG FASTCHANNEL has reported record Q2 financial results. Consolidated revenue for the second quarter 2009 was $43.7 million compared to $34.5 million in the same period of 2008, a 27% increase. Second-quarter 2009 revenue from the delivery of high definition (HD) advertising content was $12.0 million compared to $6.7 million in the same period of 2008.
Chairman/CEO SCOTT K. GINSBURG commented, "The Company is pleased to report strong financial and operating results for the second quarter including meaningful progress towards our most important strategic and financial objectives. HD content distribution remains a strong driver of DG FASTCHANNEL’s growth, and the number of advertisers creating HD campaigns that are managed and delivered through our proprietary network continues to expand. In addition, the points of destination capable of receiving HD-enabled advertising content have increased to approximately 600 in the second quarter, and the Company estimates this total will approach 1,000 by the end of the year. This activity supports our projections that HD revenue will continue to accelerate during 2009."