InfoSpace Swings to Profit

InfoSpace swung to a profit in its fourth quarter from a year ago, on higher revenue and significantly lower operating expenses and the absence of goodwill impairment charges…

InfoSpace earned $9.89 million in Q4 2003, compared with a loss of $64.4 million a year ago. Revenues increased 30% to $46.9 million.

Its mobile revenues were $9.3 million in Q4, 2003, an increase of $2.6 million (or 40%) from year-ago quarter. The increase in revenue is primarily a result of revenues that came in from its acquisition of mobile content company Moviso, in October last year.

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