Matomy Wants to Renegotiate Terms of its Outstanding Bonds
The London-listed digital marketing company said it expects to meet with bondholders in the upcoming days
Established in 2007, Matomy offers customized and data-driven advertising services across mobile, video, domain, and email. Matomy reported $101 million in revenue for the nine months leading to September 30. The adjusted gross profit amounted to $30.8 million and direct adjusted EBITDA totaled $4.2 million. Matomy did not release a third quarter report for 2017, but reported revenues of $245 million for the full fiscal year 2017.
Earlier this month, Matomy reported the $7.5 million sale of one of its main assets, European mobile advertising platform operator Mobfox Media Advertising GmbH, to Tightline Holdings Ltd., which is owned by Israel-born businessman Teddy Sagi. Matomy bought MobFox in 2014 for $17.6 million, according to Pitchbook data.