Earnings: BankRate Q3 Revs Up 28 Percent; Display Ads Up 28 Percent; Hyperlink Revs Rise 50 Percent

Despite troubles in the mortgage sector, online financial marketplace and aggregator BankRate announced Q3 revenue $24.9 million, up 28 percent from last year’s $19.5 million. Net income jumped to $5.4 million from $1.2 million, although the prior year’s quarter included a $3 million legal settlement charge. Some highlights:

— Display ad revenue grew 28 percent to $11.7 million, accounting for 47 percent of the total business. Hyperlink revenue, purchased listings in its tables, hit $9.9 million for growth of 50 percent.The company reported double-digit rate increases for hyperlinks on CDs, mortgages and money markets.

Release | Webcast (11:00 AM est)