MarketWatch’s Earnings Increase; Ad Revenues Shoot Up

0 Comments

MarketWatch has reported net revenues for Q2 at $20.2 million, compared to $11.1 million for the same period a year ago. Net income was $1.4 million, compared to a net loss of $127,000 in the year-ago quarter.

Ad revenues totaled $8.0 million, increasing 48% from Q2 year ago.

Licensing revenues totaled $11.7 million, up 119% over the same period last year and 20% from last quarter. The increase was primarily due to the licensing fees received under the recently concluded agreement with Thomson Financial and the benefit from the impact of Pinnacor’s revenue stream for an entire quarter.

Subscription revenues, which mainly consisted of fees collected for the company’s newsletters, increased 33% over the same period last year to $476,000 due to the continued introduction of new subscription products.

The company also changed its reporting structure on the way it allocates the CBS royalty expenses among the quarters in each fiscal year.

Comments are closed.