CNET Networks’ (Nasdaq: CNET) Q1 losses came in at $15.8 million, or $0.11 per share, compared to a net loss of $31.1 million, or $0.22 per share, for the same period last year. Revenues totaled $56.6 million, a two percent increase compared to revenues of $55.7 million in the year-ago quarter.
On the paid services side, its GameSpot Complete subscription service ended Q1 with 53,500 paid users, a 13 percent increase from its year-end 2002 membership base of 47,200.
Conference call: Shelby Bonnie: “Signs are good for advertising, but level of marketing spends remain challenging…GameSpot has been a bright spot. They are seeing traction from advertisers and paid subscribers…UK acquisitions: we have seen benefit of getting critical mass. France and Germany remain challenging…both of those economies have been challenging.”
And if you thought the line between traditional advertising and commercesides of the media businesses was blurring, read this from Douglas Woodrum, CFO: “We have combined media and e-commerce revenues, and won’t provide separate revenues.”
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