It’s the end of an era of sorts for CNET — as of 1Q06, with the sale of Computer Shopper as announced today, publishing is no longer considered material to CNET and no longer will be broken out as a segment. No terms were discloised for the sale to SX2Media Labs LLC, a new company formed by David Sills and Stonybrook Capital.
More after I lisen to the earnings call but some quick hits from CNET’s 4Q05/2005 earnings:
– Total 4Q05 revenue increased 20 percent, to $107.4 million from $89.2 million in 4Q04.
– Interactive revenues hit $100.2 million in 4Q05, up 25 percent over 4Q04.
– Operating income excluding charges more than doubled to $25.2 million from $14.3 million in 4Q04.
– Pre-EBITDA profit margin hit 30 percent, up from 23 percent in 4Q04. For the year, the margin was 19 percent up from 12 percent in 2004.
– CNET Networks logged an average of 116.1 million monthly uniques during 4Q05, up 13 percent from 4Q04. Average daily page views passed 103.6 million, up 22 percent.
Earnings release | Webcast
You can download the analysts’ call audio here. (73 min., 21.5 megs.)
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post