Classmates Media Swings To Profitability In Latest Quarter

Classmates Media, the social networking unit of United Online (NSDQ: UNTD) that’s gearing up for an IPO, has filed an amended S-1 covering the quarter ending June 30, 2007. During the quarter, the company turned a modest $570,000 operating profit, which compares favorably to the $212,000 operating loss in the year-ago period and the $442,000 loss in the prior quarter. In 2005, the company reported an operating loss of $11.5 million. Revenue growth for the quarter was also solid, rising to $47.7 million from $36.8 million year ago. Obviously, that’s not the kind of wild growth some social networks are showing, but Classmates.com, founded in 1995, has been around a fair bit longer than most. Filing.

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