Q4 Outstanding For DG Fastchannel
February 16, 2010 at 5:21 AM (PT)
DG FASTCHANNEL has reported record fourth-quarter financial results. Consolidated revenue for Q4 increased 10.6% to $57.5 million compared to $52.0 million in the same period of 2008. Q4 Adjusted EBITDA increased 27.8% to $25.8 million compared to $20.2 million for the same period of 2008. Q4 revenue from the delivery of high definition (HD) advertising content increased 78% to $21.4 million compared to $12.0 million in the same period of 2008.
Chairman/CEO SCOTT K. GINSBURG commented, "The Company’s fourth quarter and full year 2009 performance is impressive. Early last year, we projected that the second half of the year would be better than the first six months, and that fourth quarter would set a high watermark for the Company’s revenues and Adjusted EBITDA. The financial results announced today validate the realization of this forecast and more importantly, serve as a testament to the diligent work of DG FASTCHANNEL’s dedicated employees. On behalf of our entire team, I am proud to present these results."