Already in a buoyant mood after announcing the completed buyout of Digital Window, European performance marketing network, zanox, has revealed new financial figures as part of owner Axel Springer’s recent filing.

Revenue at the network, for the first nine months of 2013, has increased by 2.7% year-on-year, which equates to a rise of €8.7 million, from €326.6 million in 2012 to €335.3 million in 2013. Axel Springer states that the growth came about organically.

As reported in the past quarter, zanox is still having a tough time with Europe’s market conditions in the area of performance marketing. Springer said in its finances that EBITDA was less than the year previously.

Fall in Margin

In 2012, EBITDA was €15.9 million, whereas this year it had dropped to €13.6 million. As a result EBITDA margin fell 4.1% from 4.9% during the same period a year ago.

Axel Springer reported that its digital media segment as a whole, which includes performance marketing, content portals and classifieds, contributed the highest revenues and earnings of the company’s various sectors.

Digital segment revenues rose by 16.6% 959.8 million from 823.3 million in 2012, whereas EBITDA grew from 165.9 million last year to 196.6 million in 2013, an increase of 18.5%.