Quick Take on SuperMedia Results
SuperMedia announced 2010 financial results today. We will listen to the earnings call later and report more detail here and in a brief to our clients.
The quick take is that on an adjusted based, 2010 SuperMedia revenues dropped 20.3 percent to $2.0 billion. The fourth-quarter decline was a more modest 18.8 percent.
The company had an EBITDA margin of 32.5 percent for the year.
The trend in ad sales shows a moderating rate of decline. For the full year 2010, ad sales were down 15.1 percent, vs. 20.9 percent in 2009.
In the announcement, CEO Peter McDonald said the company will focus on revenues and cost management. Pretty standard. We’ll be interested in his assessment of how SuperMedia can return to growth, particularly in its digital portfolio.
Tomorrow, Dex One will announce its results and conducts an investor day in New York to lay out its strategy to investors. We will be attending this event in person and will post some highlights tomorrow afternoon.