MDC Revenue Increases, But Reports Other Losses
MDC Partners reported Q1 revenue of about $236 million, an increase of 9.7 percent versus 2011. The company also reported organic growth of 5.4 percent. However, the company also reported a number of losses for the quarter.
Operating loss was at about $11.7 million versus a profit of $2.56 million year-over-year. Net loss was about $24.6 million compared with $7 million in 2011.
Adweek also notes the Q1 drop in EBITDA of 51 percent, from $15.4 million last year to $7.5 million this year. The company has purchased or taken a stake in a number of firms over the past couple of years, including Kwittken & Company, Allison+Partners, London’s Epoch PR, and ad agency Anomaly.

Launch a social media campaign that will build your brand and deliver results in our online
Vocus
WPP
Havas
Publicis Groupe
PR software company 


Nadine Cheung
Editor, The Job Post
PRNewser Twitter feed loading...