Matomy Media shares fall 17 per cent on poor earnings estimate

INTERNATIONAL online marketing group Matomy Media’s shares took a dive yesterday after it said it expects higher revenues to be its only good financial news this year.

The Israel-based firm anticipated revenue for the year ending 31 December to range from $275m (£182.9m) to $285m.

At a midpoint estimate of $280m, this represents a four per cent gain on 2014’s total of $268.9m.

Matomy Media’s other predictions, however, were not as optimistic.

For the first half of 2015, Matomy Media anticipates an adjusted earnings before interest, tax, depreciation and amortisation (ebitda) of $10m, down 21 per cent from the first half of 2014.

The firm estimated ebitda for the year to fall well below market expectations to between $26m and $28m – still a 12 per cent rise on the previous year.

Shares closed down 17.44 per cent to 142p yesterday.