Infospace (Nasdaq: INSP) reported its Q2 numbers today and revenues were $70.5 million, reflecting a $25.3 million decrease over Q206, attributable to $19.0 million decrease due to its exit out of the mobile media business. Net loss was $28.1 million, versus net income of $1.0 million in Q206..this includes a $22.3 million payment made to employees and directors related to the $208.2 million special dividend to shareholders.
— Mobile revenues were $30.8 million, a net decrease of $14.7 million compared to Q206. The $30.8 million is comprised of $13.4 million in mobile services revenues (its new focus in mobile), an increase of $4.3 million from the Q206 and $17.4 million in media content revenues, representing a decrease of $19.0 million from Q206. Mobile segment loss was $3.6 million in Q207.
— Online revenues were $39.7 million, a decrease of $10.6 million from Q206, largely attributable to the reduction in traffic from the company’s search engine marketing distribution partners. Online segment income was $15.8 million in Q2.
Updated: From the conference call: Jim Voelker, CEO:
— On mobile services side: The growth is being fueled by increases in users, user activity, and the benefits of contract extensions from our largest customers, AT&T and Verizon. Users of our core products increased 34% year over year, and we served approximately 35 million mobile users in the quarter.
— Launching [mobile] search with Verizon was another big issue for us, so I think that business has, as I mentioned, not only rebounded really well, it has been — it is on a very nice trajectory at this point. The key for us is going to be able to turn those search relationships into something that monetized via sales of content or via advertising as time goes on, and it is still too early to tell what those models are going to look like.
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