11:24 AM EDT, 05/14/2025 (MT Newswires) -- Yellow Pages (Y.TO), on Wednesday said its first-quarter profit dropped on lower revenue.

The digital media and marketing company reported net income of $5.0 million, $0.35 per share, in the period, down from $8.4 million, or $0.61, a year earlier. It said that drop was due to lower adjusted EBITDA and the increase in restructuring and other charges, partially offset by lower income taxes.

Revenue fell to $50.8 million from $55.0 million, a year-ago, due to a decline of its higher margin digital media and print products and to a lesser extent to its lower margin digital services products, creating pressure on its gross profit margins.

"We continue to be very pleased with our progress on metrics underlying our revenue generation, including the size of our sales force, the continued deceleration of the customer count decline rate, fueled by new customer acquisitions and stable renewal rates, and strong average spend per customer. We believe these fundamentals bode well for our medium- and long-term future," President Sherilyn King commented

The company also declared a dividend of $0.25 per share, unchanged from the prior quarter, to be paid on June 16, to shareholders of record as of May 27.

Shares of the company were last seen down $0.01 at $11.21 on the Toronto Stock Exchange.

Price: 11.21, Change: -0.01, Percent Change: -0.09