year-over-year or quarter-over-quarter YLO has a year-over-year shrinkage of -16% but the quarter-over-quarter rate is only -1%. Which number should we pay more attention to?
The 2011 revenue decline from Q1 to Q2 was -2% (349m to 342m) vs a 2012 decline of -1% (289m to 286m). The 2011 EBITDA decline was more severe (190m to 176m) because expenses actually increased from Q1 2011 to Q1 2012.
Based on this, I'd say that the Q2 2012 numbers are very good. The decline in revenues has slowed down, for one quarter at least, but Q1 to Q2 isn't typically when the big drops in revenue occur.