Isentia reports earnings fall as CEO Ed Harrison prepares for business transformation

Media monitoring and intelligence company Isentia has reported an earnings before tax decline of almost $13m in the 12 months to June, as new boss Ed Harrison insisted the company had a strong future.

The firm this morning reported an EDITDA of $28.6m, down from $41.5m in FY17.

While its media intelligence division reported an EBITDA of $33.1, the exit from its calamitous dabble with content marketing – through the acquisition in 2016 of King Content – cost the business $4.5m.

Revenue hit $137.1m, down from $155.1.

Managing director and chief executive Ed Harrison, who joined the company earlier this month after long-standing boss John Croll stepped down last February, said Isentia had the right credentials to transform the business.