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Reports Q4 (Dec) earnings of $0.39 per share, $0.01 better than the Capital IQ Consensus of $0.38; revenues rose 47.3% year/year to $447.2 mln vs the $437.92 mln consensus; adj. EBITDA $111 mln vs. $98-100 mln guidance and $108 mln estimates.
Revenue from Talent Solutions products totaled $245.6 million, an increase of 53% compared to the fourth quarter of 2012. Talent Solutions revenue represented 55% of total revenue in the fourth quarter of 2013, compared to 53% in the fourth quarter of 2012.
Revenue from Marketing Solutions products totaled $113.5 million, an increase of 36% compared to the fourth quarter of 2012. Marketing Solutions revenue represented 25% of total revenue in the fourth quarter of 2013, compared to 27% in the fourth quarter of 2012.
Revenue from Premium Subscriptions products totaled $88.1 million, an increase of 48% compared to the fourth quarter of 2012. Premium Subscriptions represented 20% of total revenue in the fourth quarter of 2013 and 2012.
Co issues downside guidance for Q1, sees Q1 revs of $445-460 mln vs. $470.85 mln Capital IQ Consensus; adj. EBITDA $106-108 mln vs. $123 mln ests.
Co issues downside guidance for FY14, sees FY14 revs of $2.02-2.05 bln vs. $2.17 bln Capital IQ Consensus; adj. EBITDA ~$490 mln vs. $576 mln ests.
Co also acquire Bright, a co that leverages data insights and matching technology to connect prospects and employers. The transaction is valued at ~$120 million, subject to adjustment, and consists of ~73 percent stock and ~ 27 percent cash. The stock being issued in the transaction will be done so in a private placement. Subject to the completion of customary closing conditions, the acquisition is expected to close during the first quarter of 2014.