Lycos reduced its net loss by 19% to €11.9m (£7.89m) on the back of revenue growth and cost reductions.
With a 43% share of total revenues, advertising was still the main contributor followed by revenues from paid services and shopping with 29% and from interconnect with 26%.
Lycos said that although the market remained difficult, advertising revenues for the first quarter of 2004 increased by 3% compared with the same period 2003.
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