Earnings: InfoSpace Posts Q2 Profits; Mobile Investment To Continue

InfoSpace, the search/directory and mobile content player, reported Q2 numbers, and its profits plunged 94 percent but surprised analysts, who forecast a loss for the quarter. Earnings fell to $1 million, from $16.3 million in the year-ago quarter. Revenues grew 15 percent to $95.8 million, from $83.2 million in year-ago quarter, beating analysts’ average forecast for $91.4 million.
Mobile and online segments both brought in more money than in the year-ago quarter, but operating expenses rose across the board.
Reuters: The company cautioned that revenues from its online business generally slows during the warmer months of third quarter. Mobile content revenues should rise modestly during the quarter…but it plans to continue investing heavily in its mobile business, “which will increase our overall operating expenses.”
More in earnings release here.

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