MDC Revenue Increases, But Reports Other Losses
MDC Partners reported Q1 revenue of about $236 million, an increase of 9.7 percent versus 2011. The company also reported organic growth of 5.4 percent. However, the company also reported a number of losses for the quarter.
Operating loss was at about $11.7 million versus a profit of $2.56 million year-over-year. Net loss was about $24.6 million compared with $7 million in 2011.
Adweek also notes the Q1 drop in EBITDA of 51 percent, from $15.4 million last year to $7.5
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