InternetQ nine month revenue and profit rise as both divisions perform well

InternetQ posted a rise in revenue and pre-tax profit for the first nine months to the end of September on the back of strong momentum in its two businesses.

The provider of mobile marketing and digital entertainment solutions said adjusted pre-tax profit increased 4% to €7.9m (£5.5m), on revenue of €105.6m, up 20% from the same period last year.

Business-to-business mobile marketing revenue was up 17% to €79.m, while business-to-consumer digital entertainment revenue rose 30% to €23.3m.

Founder and chief executive Panagiotis Dimitropoulos said: “We have seen continued strong commercial momentum across the B2B and B2C businesses over the last nine months.

We recently released the landmark self-service advertiser platform, as a separate feature of Minimob, and noted a positive adoption of the proposition by our clients and partners. At the same time, the ongoing restructuring of Akazoo positions us well to continue to accelerate future growth in our B2C segment.”