Blog Post

MarketWatch.com Reports First-Ever Quarterly Profit;

MarketWatch.com Reports First-Ever Quarterly Profit; Licensing Revenues Decline: Continuing the trend among online media companies, MKTW has reported Q4 net income of $854,000, or 5 cents per share, compared to a loss of $20.8 million, or $1.25 per share in the year-ago period. It’s the first quarter of net income for the company. Revenue rose to $11.7 million from $11.6 million.

Ad revenue totaled $4.6 million, a 19 percent increase from last quarter and a slight increase from the year-ago quarter. Licensing revenues, however, dropped to $6.0 million in the fourth quarter 2002, compared to $6.3 million in the same period a year ago. Licensing–primarily through its unit BigCharts.com, has suffered a bit to due lack of demand and consolidation in the online financial services industry.

To listen to MKTW’s conference call, click here (starts 11 AM EST and registration required).