UOL Announces 2Q09 Earnings

UOL Announces 2Q09 Earnings

Date:8/14/2009 4:30:00 PM

SAO PAULO, Aug. 14 /-FirstCall/ -- UOL S.A. (Bovespa: UOLL4), the leading online media portal and Internet company in Brazil, announces today 2Q09 results.

Highlights

• Advertising and other revenues totaled R$98.3 million in 2Q09 and R$186.7 million in 1H09, up 42% and 53% respectively, on the same periods last year. The revenue growth was due to the increase in advertising revenues, revenues from products launched during the past two years and revenues from our recent acquisitions.


• EBITDA totaled R$33.6 million in 2Q09, 5% down from 2Q08. EBITDA margin was 20% in 2Q09, 5 p.p. down in relation to the same period in 2008. Excluding non-recurring items in both the periods, EBITDA decreased 1% in relation to 2Q08.


• In 1H09, EBITDA totaled R$76.4 million, a 9% increase over 1H08. EBITDA margin was 24% in 1H09, 1 p.p. down from 1H08. Excluding non-recurring items in both the periods, EBITDA decreased 8% in relation to 1H08 to R$ 64.8 million.


• Gross margin in 2Q09 was 65%, 7 p.p. up on 2Q08. In 1H09, gross profit reached R$224.0 million.


• Net income came to R$23.8 million in 2Q09, 10% down from 2Q08, and to R$60.6 million in 1H09, 19% up on 1H08. Excluding the non-recurring items in 1H09, net income was 4% lower than in 1H08.


• The number of paying broadband subscribers reached 1.27 million in June 2009, a 19% increase over June 2008.
  

For full earnings release, visit the Company's IR website: www.uol.com.br/ir

For additional information, please contact the Company's Investor Relations Department: ri@uolinc.com

    2Q09 results conference call on August  14, 2009:
    English conference call: 10:30 a.m. US EDT
    Connecting number: +1 (973) 935-8893 - ID Conference: 19059587

    Portuguese conference call: 9:00 a.m. US EDT
    Connecting number:  +55 (11) 4003-9004  - Code: UOL