Earnings: Jupitermedia Q2 Profits, Revenues Fall

While attempting to expand its core photo stock business with acquisitions such as the recent $23 million purchase of media jobs site Mediabistro, Jupitermedia (Nasdaq: JUPM) continues to struggle. The company reported a steep earnings decline of 80.3 percent to $619,000 in Q2 from last year’s $3.14 million. Revenues were down slightly, coming in at $34.7 million compared to revenues of $35 million for the same period last year, a decline of 0.9 percent. Online Media fell to $7.3 million from $8.2 million last year, while revenues from Online Images fared more positively, rising moderately to $27.4 million from $26.8 million in Q206. Earnings release | Conference call (11:00 a.m. ETD)

Jupitermedia CEO Alan Meckler will be speaking at our “Future of Business Media” conference in NYC on October 30th. More on the plans on the FOBM website here.

Comments have been disabled for this post