Earnings: The Knot's Q2 Income Rises As National Online Revenues Grow 63 Percent

Wedding-related media portal The Knot (Nasdaq: KNOT) reported Q2 profits of $4.8 million or $0.15 per basic and diluted share, as compared to net income of $3.9 million or $0.17 per basic and $0.15 per diluted share, a rise of 23.1 percent. Revenues were gained 61 percent, coming in at $28.5 million in Q2, versus last year’s revenues of $17.7 million. A large part of the company’s Q2 growth was driven by revenue from national and local online advertising programs increasing about 50 percent over the same period in 2006. In particular, The Knot also reported:

— National online revenues in Q2 were $4.9 million ($3 million in Q206, a gain of 63.3 percent). For H107, revenues in this category were up 47.4 percent to $8.4 million from $5.7 million in the first half of last year.

— Local online revenues were $7.6 million in Q2, rising 40.7 percent from the previous year’s $5.4 million. Looking how the first six months compared between this year and last, H107 revenues were $14.9 million, an increase of 41.9 percent over H106’s $10.5 million revenues. Earnings release | Webcast

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