InfoSpace Reports Q2 Profits

InfoSpace is reaping it in: Revenues for Q2 of 2004 were $54.4 million, reflecting a $22.8 million (or 72%) increase over the year-ago period. Net income came in at $13.5 million, compared to a loss of $16.5 million in the year-ago quarter.

Segment info:

– Search & Directory revenues were $34.4 million in Q2, an increase of $13.0 million or 61% from Q2 2003. The increase in revenue is primarily due to growth in the search distribution business.

– Mobile revenues were $20.1 million in Q2, an increase of $13.2 million or 192% from the year-ago quarter. The increase in revenue is a result of revenues generated from the company’s media download business. Mobile segment income totaled $6.5 million or 33% of revenues for Q2.

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