InfoSpace’s Revs and Profits Double

InfoSpace had a banner quarter in Q4: Revenues were $79.7 million, reflecting a $40.6 million (or 104%) increase over the year-ago quarter. Net income was $18.9 million, versus net income of $9.9 million a year ago.
Search & Directory revenues were $47.2 million in Q4, an increase of $18.8 million or 66% from a year ago.
Mobile revenues were $32.5 million in Q4, an increase of $23.2 million or 250% from the year ago. The increase in revenue is due primarily to growth in the company’s media download business.
Also in Q4, InfoSpace acquired three mobile gaming companies – Atlas Mobile, IOMO Limited and Elkware GmbH, for an aggregate cost of approximately $47 million in cash.
() Jim Voelker, CEO of InfoSpace, on the mobile music and games market and InfoSpace’s continued strength in it, despite concerns about intermediaries getting pushed out by the operators and labels/studios. Download the 5.51 minute (3.35 MB) audio, an excerpt from the conference call…download here

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