|By PR.com Newswire||
|February 12, 2013 08:00 AM EST||
New York, NY, February 12, 2013 --(PR.com)-- Digital media company, CPX Interactive, reported today that its revenue growth for 2012 more than doubled the 15.1% growth reported for overall digital advertising spending (eMarketer Dec. 2012). The company, which remains privately held, had a break out financial year in 2012, generating a 31% growth in revenue for FY2012 over FY2011, in addition to a 541% growth in EBITDA over the same period.
In the fourth quarter of 2012 Revenue growth was equally impressive with a 54% quarter on quarter increase for Q4 2012 vs Q3 2012 and an 84% increase for Q4 2012 over Q4 2011.
CPX Interactive CFO, Michael Fleischman explains, “CPX continues to demonstrate significant growth, outpacing the digital marketplace for all of 2012 and going into Q1 2013. Much of our recent success is driven by the synergy between our tacking into the emerging wave of Real Time Bidding and our continued overall execution against our ongoing operating plan.”
“We are excited to leverage our 2012 success and drive even more substantial success for partners in 2013,” says CRO, Jonathan Slavin. “An abiding attention to detail, adding talented individuals to the CPX family, and investing heavily into our current product release roadmap will be our principal focuses as we continue to deliver increased value to all of our advertisers and publishers. Our aim is to make all of our partners more successful above all else.”
CEO, Mike Seiman is even more bullish on the company’s prospects for 2013. “We have always understood the need to remain flexible in this dynamic space. Our success in 2012 is largely due to adjustments we have made to keep ourselves out ahead of the curve and these adjustments will only continue to pay benefits. I think the industry will be very surprised to see how we evolve our offerings and the value we supply to partners as this year plays out.”
About CPX Interactive
CPX Interactive is a digital media holding company serving more than 4 billion daily interactive ad impressions globally across display, video and mobile platforms. The company leverages its unparalleled reach to drive success for both clients and proprietary initiatives in three distinct business areas: 1) industry-leading interactive conversion strategies, 2) world class media services performed at scale, and 3) comprehensive supply-side solutions in real-time environments. CPX has been a privately held force in the digital advertising space since the early 2000s.
David Shay, EVP - Marketing
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Click here to read the full story: CPX Interactive Posts Record Revenue/Profit Growth in Q4, 2012
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