Mood Media posts deeper Q2 loss, while revenues grow 17%

Mood Media Corp. says a combination of certain expenses drove the company, which provides various media assets to retailers, into a deeper second-quarter loss. The Toronto-based company said before-tax losses were $8.9 million, compared to $8.3 million or four cents a share in the previous year. Earnings before interest, taxes, depreciation and amortization fell 8% […]

Mood Media Corp. says a combination of certain expenses drove the company, which provides various media assets to retailers, into a deeper second-quarter loss.

The Toronto-based company said before-tax losses were $8.9 million, compared to $8.3 million or four cents a share in the previous year.

Earnings before interest, taxes, depreciation and amortization fell 8% to $27.7 million, as it booked expenses related to higher healthcare costs and numerous acquisitions.

Revenue grew 17% to $126.3 million from $107.8 million.

“We are generally satisfied with our performance in the quarter and believe we are on the right track to deliver on our strategy,” said chairman and CEO Lorne Abony.

“Our EBITDA performance in the quarter was affected by some one-time gains in the prior year and by some unusually high expenses in the current quarter, which affected the reported trend in EBITDA.”

Mood Media creates visual, audio and scent systems to enhance the retail environment. The company has been exploring various strategic alternatives, including the possibility of selling itself.

Among Mood Media’s best-known acquisitions was Muzak Holdings LLC in May 2011, which provides music services to customers. Last year, Mood Media made several acquisitions including DMX Holdings, which provides multi-sensory branding services.

Brands Articles

Time for marketers to abandon the safety of the high ground (Book excerpt)

Engagement in the age of tribes means engaging face to face – and pissing the right people off on purpose

Subway Canada gets crafty with new ad campaign

The quick service restaurant touts the art of crafting the perfect sandwich

Crafting small market identity with big market marketing

Shock Top captures a little craft beer identity in a bottle

How to break blind brand loyalty

A new study unveils how brands can disrupt tech habits and win new consumers

Campbell Company of Canada names new president

SC Johnson vet Ana Dominguez takes the helm, replacing Philip Donne

Watch This: Canadian Tire talks to parents about back to school

Moms and dads share a few thoughts (and a few tears) on their kids' first day of school

Ottawa Senators make headlines with new CMO hire

Longtime newspaper executive Peter O’Leary starts his new position Sept. 22

Scotiabank’s Tangerine brand gets a PHD in media

Tangerine CMO Andrew Zimakas on why PHD won the account