Phorm Corporation posts stronger user-base, advertising and revenue

3rd Jul 2015 09:17

Phorm Corporation announced that its Russian user-base, number of advertising requests and consequentially revenue swelled significantly in the second quarter.Average daily unique users soared to 35.5m, almost three times higher than the 12.5m recorded in the third quarter of 2014.Meanwhile, advertising requests doubled from 40.2bn in the first quarter of 2015, to 83.1bn in the second, including deals with some unnamed 'market leaders'. Over the same period, unaudited revenue soared to 29m roubles, from 15.7m roubles.Five of Phorm's clients have agreed to integrate Phorm's trading platform on their desks in the coming months in a move which is expected to greatly increase the number of campaigns the company can access.Phorm also posted continued expansion of Chinese and American trade in the operational update, with a similar focus on integration with third parties.As of 10:30 BST, Phorm was trading 25.2% higher at 2.7p.