Yet again, [Alan] Meckler has deftly made a big bet with his business: online images. And the results are very clear in terms of the company’s Q3 results. The company posted revenues of $18.8 million, compared with $13.3 million for the same period last year. Net income was $5.1 million, up from $653,000 for the same period last year.
“JupiterWeb properties consist of more than 150 websites and 150 email newsletters. So far the model has been phenomenal, as the company generates 82% gross profit margins on its images business.”
Q3 results: Interestingly, online media properties generated almost the same revenues as the online images business for the company…
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