Isentia reports a 20% reduction in revenue for first half FY2021

February 26, 2021 10:23

Media monitoring company, Isentia has reported a 53.6% decline in earnings for the six months to December, compared to the previous corresponding period. The group’s media intelligence revenue was $41.8 million for the period, a decline of 19.8% compared to the previous period, and $10.4 million less compared to H1 FY20.

The company’s revenue for the period was impacted by a cyber incident in the December 2020 quarter, an estimated $4.4 million on earnings before interest and taxes, and $3.3 million in revenue, according to the financial report.

The loss was through a combination of lost revenues and “additional costs”, stated the report. The cyber attack also delayed the roll-out of a number of initiatives scheduled for the March quarter 2021 to the June quarter 2021. As a result, the impact on the year ended 30 June 2021 financial results is expected to be approximately $7-$8 million in line with the estimates provided to the market when the incident occurred.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.