Monday, February 16, 2009

2008 Brings Buono Fortuna to Buongiorno

In a pre-close earnings announcement today Milan-based publisher and ondeck/offdeck services provider Buongiorno (BNG) offered a taste of its 2008 financials...

Revs = 315mil euros ($402mil) +80% from 2007
EBITDA = 40mil euros ($51mil)

Growth was driven by their acquisition of iTouch, increase in recurring subs to BlinkoGold services and mobile lottery hosting for Telefonica's Movistar services in Africa & LatAm.

Assuming these numbers hold Buongiorno maintains its #2 position in the mobile content space by revenue behind Spain's ZED.

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