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Leaf Group Reports Third Quarter 2018 Results

Santa Monica, CA - Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company, today reported financial results for the third quarter ended September 30, 2018.

Q3 2018 Financial Summary:

Leaf Group is comprised of two reporting segments: Marketplaces and Media.

For the third quarter of 2018:

  • Total revenue increased 24% year-over-year from $33.5 million to $41.5 million due to a 10% increase in Marketplaces revenue and a 53% increase in Media revenue.
    Marketplaces revenue increased 10% year-over-year from $22.5 million to $24.7 million due to a 7% increase in Society6 Group revenue and a 49% increase in Saatchi Art Group revenue.
    Media revenue increased 53% year-over-year from $11.0 million to $16.7 million. The increase in Media revenue was primarily attributable to the acquisition of Well+Good in June 2018.

  • Net loss was $(6.0) million for the quarter, improving 11% year-over-year, and Adjusted EBITDA was $0.1 million for the quarter, improving 107% year-over-year.

  • Cash and cash equivalents was $32.8 million at period end with no debt outstanding.

  • On a consolidated basis, Leaf Group’s properties reached 51 million monthly unique visitors in the U.S. in September 2018 (source: Sept 2018 U.S. comScore).

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