Blog Post

MarketWatch’s Q3 Profits Increase

MarketWatch Inc. said its Q3 net income more than doubled amid growth in online ad revenue and integration of its acquisition of Pinnacor. It earned $949,000, up from $393,000, in the year-earlier period…

Revenue climbed 71 percent to $19.8 million from $11.6 million.

Total ad revenue, which includes radio and TV, was $7.1 million, up 21 percent from a year earlier. Licensing revenue totaled $12.1 million, up 132 percent, with the addition of Pinnacor revenue, and fees under an agreement with Thomson Financial for a new institutional newswire now being built…

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