Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Jason Helfstein - Oppenheimer & Co.
Jason Helfstein - Oppenheimer & Co.
Can you guys maybe first just talk about Canada. Obviously from a revenue standpoint that business looked like it took a meaningful step backwards. Can you talk about how much of that was currency and how much of that was just a fundamental slowdown in the business, and then can you break it down between the slowdown between pricing and volume?
And then can you provide any more detail you can on currency? I don't know if you wanted to wait for the Q, but if you can give us the rest of the delta on currency, which we'll assume is Australia.
And then if you just can give us an update on the overall - what you're seeing in the ad environment in the U.K. And is the assumption that you would not look to strike the deal with UBC if there was to be a new deal until you got greater visibility on the ad market, which presumably would be some time from now?
William L. Yde, III
Okay, first of all, remind me which points we don't get to. That seemed like a compound question.
The Canada revenue did not take a step backwards. When you're looking at the June 30 quarter to the September 30 quarter, you're looking at seasonality. And I'll let Scott get into the numbers, but the September quarter was vastly ahead of September quarter from last year. I think it was 72% ahead. So it wasn't a step down. Scott, you can get into the -
Scott E. Cody
I think that's, you know, I mean, it's just seasonality. Most of the growth came - we sold a lot more spots in this quarter versus last quarter and you really do need to look at it that way because of the seasonality of the business. Our sellout went from 33% to 56% from September to September.
You want to break out some of the other?
Jason Helfstein - Oppenheimer & Co.
Yes. So then what was the currency impact in Canada?
Scott E. Cody
I can do that. That's easy. The currency impact was virtually nothing because we're up 72% in local currency and we're up 72% in U.S. dollars. There was not a lot of impact from currency on that.
Now, if you're looking at the fourth quarter from last year, then there has been some currency impact because there was $0.99 versus $0.96. So it was not a big change; a fairly small change for fourth quarter.
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