Earnings: The Knot Revenues And Profits Increase

The Knot, the online wedding portal company, has reported higher revenues and profits for its Q2 earnings. It had revenues of $13.6 million, up 25% from net revenues of $10.9 million in the year-ago quarter. The major contributor to the higher revenues was an increase in local and national online advertising, which rose 45% over the prior year.

Net income was $1.3 million, compared to $182,000 in the year-ago quarter.

Total operating expenses in the Q2 included approximately $1.6 million in professional fees related to the company’s current litigation with WeddingChannel.com.

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