Domain Registrar Parent Firm, Dada, Forms Alliance with Sony BMG Music

Updated on Monday, October 8th, 2007 at 10:21 am

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New York, New York - (Cheap Web Hosting Directory) - October 8, 2007 - Web, mobile, domain name and entertainment services firm, Dada S.p.A., has reported that consolidated revenues for the first half of 2007 are up 50% percent year-over-year to $99.73 million (Euro 73.3 million).

The strong revenue growth was fueled by Dada’s international activities representing 44% of overall sales compared with 34% in the first half of 2006. have increased by 72.6% to Euro 80.1 million ($102.6 million) compared to the same period of 2005.

Max Pellegrini, CEO of Dada USA offered, ”Dada has done a great job penetrating foreign markets by offering the consumer a fun and innovative way to connect with friends through the internet or their mobile phones. We have generated close to $100 million in revenue in the first half of 2007 and I expect even stronger results in the second half thanks to our new venture with Sony. With the creation of Dada Entertainment LLC in partnership with Sony BMG along with 40,000 new subscribers a day, Dada is positioned to become a top provider of web and mobile based entertainment services.”

US traffic to the Dada website has increased 405% since January 20071. Dada is now the 537th most visited website in the Computers and Internet - Net Communities and Chat category for the week ending September 1st 2007, moving up 233 spots within the rankings.

Other Key Financial Results Include:

EBITDA increased to $14.01 million (Euro 10.3 million), an increase from $9.79 million in the first half of 2006, despite strong investments made for launching international activities and the development of the Dada.net community, which today numbers more than 8 million users from 30 countries, with an average daily increase of 40,000 new subscribers globally.
EBIT at $10.47 million (Euro 7.7 million) and equal to 11% of consolidated sales compared to $3.53 million (Euro 2.6 million) in the first half of 2006.
Net Profit amounts to $8.843 million (Euro 6.5 million), compared to $6.12 million (Euro 4.5 million), registered in the second quarter of 2006 and equal to 9% of consolidated revenues.
Net financial position as at June 30, 2007 rose to $23.1 million (Euro 17 million), growing by 44% compared with data from December 31, 2006.

Dada closed the second quarter with two strategic business development deals. Dada acquired of 100% of the shares of the UK company Namesco, a market leader in domains and hosting. Dada also lead the creation of the joint venture ”Dada Entertainment LLC,” a cooperative venture between Dada and SONY BMG MUSIC ENTERTAINMENT aimed at developing a new entertainment services offering accessible via web and mobile devices.

Dada S.p.A. (dada.dada.net) is a leading international provider of Web and mobile community and entertainment services. Dada is listed on the Italian Stock Exchange (MTAX STAR Segment: DA.MI) and the Dada management and founders own about 14.6% of the share capital, and RCS MediaGroup, own a stake of approximately 44%.

Dada offers consumer and entertainment services to over seven million users world wide through the community Dada.net and the brands Life.dada.net, Mobi.dada.net and Love.dada.net. The web and mobile based services are characterized by a rich range of fee-based community and entertainment products and services to communicate, entertain and educate. In 2006 Dada introduced the same services to the US Market.

The Dada network includes life.dada.net, mobi.dada.net and love.dada.net, accessible both via the PC and the mobile phone (the latter using SMS/MMS technologies and on the Decks - the micro-portals of the main mobile phone operators). The Dada consumer offering is available, in addition to Italy, in the USA, Germany, Spain, Portugal, the United Kingdom, France, Belgium, Austria, China, Brazil and Australia. Within Dada Group there is also the subsidiary Register.it S.p.A., the Italian and Spanish leader in the management of private and business online presence.

To learn more about Dada, please visit: www.dada.net.