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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