MarketWatch.com’s Q1 revenues for 2003 increased 13 percent to $11.1 million. Ad sales rose 47 percent to $5.2 million. Licensing sales declined to $5.6 million from $6.2 million 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. Net income for the quarter was $35,000, compared to a net loss of $5.7 million in the year-ago quarter.
Subscription revenue rose sixfold to $323,000, up over the $44,000 reported the same period a year ago, reflecting the company’s purchase of Hulbert Financial Digest in April 2002.
For more info on MarketWatch.com subscription efforts, see the company page.
Listen to the conference call today at 11 AM EST.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post