SAO PAULO, Nov. 13 /PRNewswire-FirstCall/ -- UOL S.A. (Bovespa: UOLL4), the leading online media portal and Internet company in Brazil, announced 3Q09 results.
Highlights
- Advertising and other revenues totaled R$112.7 million in 3Q09 and R$299.4 million in 9M09, up 54% and 53% respectively, on the same periods in 2008.
- EBITDA totaled R$33.1 million in 3Q09, 14% higher than in 3Q08. EBITDA margin in 3Q09 was 19%, 1 p.p. down year-on-year. Excluding the impacts of the exceptional results in both periods, EBITDA grew by 9% over 3Q08.
- EBITDA totaled R$109.6 million in 9M09, 10% higher than in 9M08. EBITDA margin was 22% in 9M09, 1 p.p. down from the same period in 2008. Excluding the impacts of the exceptional results in both periods, EBITDA was R$ 98.1 million, a 3% reduction from 9M08.
- Gross margin in 3Q09 was 68%, 6 p.p. up on 3Q08. Gross profit in 9M09 came to R$342.8 million
- In 3Q09, net income came to R$20.2 million, 17% down from 3Q08. In 9M09, net income was R$80.8 million, 7% up year-on-year. Excluding non-recurring items in the period, net income decreased by 10% from 9M08.
- The number of paying broadband subscribers reached 1.31 million in September 2009, an increase of 17% over September 2008.
For full earnings release, visit the Company's IR website: www.uol.com.br/ir
3Q09 results conference call TODAY, November 13, as follows:
- English conference call: 08:00 a.m. US ET , connecting number +1 (973) 935-8893 - ID Conference: 35367132
- Portuguese conference call: 7:00 a.m. US ET, connecting number +55 (11) 2188-0188, Code: UOL
For additional information, please contact the Company's Investor Relations Department.
Miguel Longo
CFO and IRO
ri@uolinc.com
SOURCE UOL S.A.
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