Dex Media reports higher digital and overall revenue following acquisition of SuperMedia
Digital ad sales grow over 11 percent in Q2
DALLAS, Texas – August 11, 2014 — Dex Media, Inc., one of the largest national providers of social, local and mobile marketing solutions through direct relationships with local businesses, today announced financial results for the second quarter and six months ending June 30, 2014.
Key highlights in the first half 2014:
- Grew digital ad sales by 11.2%
- Generated net cash provided by operating activities of $202M
- Retired $210M of bank debt
“As our digital ad sales trends indicate, our bundle approach is clearly resonating with clients. We are transforming this business into a one-stop shop for local marketing services and are pleased to report improvement again this quarter,” said Peter McDonald, president and CEO of Dex Media. “We will continue to focus on the topline, delivering a great experience for our clients, while closely managing expenses and helping local businesses grow.”