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Yellow Pages Limited Reports 2024 Financial Results

Yellow Pages Limited Reports 2024 Financial Results

Yellow Pages Limited ( (YLWDF) ) has released its Q4 earnings. Here is a breakdown of the information Yellow Pages Limited presented to its investors.

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Yellow Pages Limited is a Canadian digital media and marketing company that connects buyers and sellers within the local economy, offering digital and print advertising solutions. The company has released its financial results for the fourth quarter and full year of 2024, indicating a strategic focus on stabilizing revenue and maintaining profitability amidst challenging market conditions.

The company’s fourth-quarter results show a continued effort towards revenue stability, despite an overall decline in both digital and print revenues. Total revenues for the quarter decreased by 8.1% year-over-year, with digital revenues falling by 7.2%, and print revenues by 11.5%. Despite these challenges, Yellow Pages Limited reported solid profitability with an Adjusted EBITDA margin of 16.0% for the quarter, and a healthy cash balance of approximately $49 million as of January 2025.

Key highlights include a strategic increase in new customer acquisitions, which rose by 6% compared to the same quarter last year, and a concerted effort to manage costs through workforce and operational optimizations. However, the company’s efforts to expand its sales force and investments in revenue initiatives have added pressure on margins, impacting the Adjusted EBITDA and net income figures for both the quarter and full year.

Looking forward, Yellow Pages Limited has declared a quarterly dividend of $0.25 per common share. The management remains optimistic about the medium- and long-term prospects, emphasizing the importance of their strategic initiatives, including the derisking of the company’s pension plan, which has reached a wind-up ratio of over 95%. Despite current revenue pressures, the company is focused on laying a strong foundation for future growth.

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