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Purple Lounge.com revenue

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sorcer3ss (RETIRED)

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Advertising network and online gaming operator Media Corporation has issued a trading update covering its financial performance over the twelve months to the end of September showing that it boosted revenues by 46 percent year-on-year to £35 million.

Media Corporation operates online casino and poker room PurpleLounge.com alongside the Eyeconomy advertising network and solutions provider and revealed that its full audited accounts are expected to be released in December.

The London-based firm declared that it had a gross profit of £5.8 million for the year, which was an increase of some 16 percent over the previous twelve-month period, while its cash balance remained static at £2.2 million.

Media Corporation reported that revenues for its Eyeconomy business rose 160 percent year-on-year to £7.3 million while those for PurpleLounge.com hit £27.5 million, which was an improvement of some 29 percent compared with the same period last year.

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