Less than two years ago Groupon.com turned down an offer of $6 Billion dollars from Google. It was just over a year ago that Groupon.com went public at $20 a share, given it an implied valuation of $13 Billion. After reporting declining revenue yesterday shares of Groupon sank below $3 a share today down some 30% from the previous close, giving the company a $1.8 Billion dollar … [Read more...]
How’s that Meet.me Sale Looking Now? Revenues $11.6 Million; Active Users Almost 4 Million in September
- MeetMe®, Inc. ( NYSE MKT : MEET ), reported earnings after the market closed today for the third quarter ended September 30, 2012. Yes this is the same company that bought Meet.me from MostWantedDomains.com for $450,000 last year. Here are the results: Third quarter Revenue totaled $11.6 million, up 1,148% year-over-year. Third quarter Revenue represents a 30% increase over the … [Read more...]
Neustar Reports: Revenue Up 38%
Neustar (NSR) announced results for the quarter ended September 30, 2012 and updated its guidance for full-year 2012. after the market closed today. Neustar provides the back end of many TLD including .biz, .US and .Co and is the back end provider for many of the new gTLD applications. GAAP Results for Third Quarter 2012 Compared to Third Quarter 2011 Revenue increased 38% to … [Read more...]
Demand Media Reports & Beats Estimates: eHow #13 US Web Property: Registrar Grows 11%
Demand Media, Inc. (DMD) reported its earnings for the third quarter ending September 30, 2012 after the market closed. Demand Media, Inc. owns Enom.com, part of NameJet.com and is the back end provider of Donuts new gTLD's application. Demand also applied for over 20 new gTLDs and owns part of over 100 new gTLD filed by Donuts. According to the earnings report, revenue Increased 20% … [Read more...]
QuinStreet Hits A New All Time Low After Reporting Earnings
QuinStreet, Inc. (QNST), hit an all time low this morning after issuing its earnings report for the quarter ending September 30, 2012 The stock traded as low as $5.66 today and is current trading as of time of publication at $6 a share. At $6 a share the company has a market cap of just $255 million dollars, which is not great for a company with $103 million in cash. Shares of QuinStreet … [Read more...]
Yahoo Beats Estimates & Shares Rise Almost 5% After Hours
Yahoo! Inc. (NASDAQ: YHOO) reported results for the quarter ended September 30, 2012 after the market closed today Yahoo beat analysts' expectations revenue in the three months ended in September rose 2% to $1.09 billion, yielding EPS of 35 cents. Analysts on averaged had been expecting $1.08 billion and 26 cents a share. Display revenue was flat, year over year, at $452 million, while … [Read more...]
Google Leaks Earnings Early & Stock Drops 10%: Paid Clicks Up 33%; Cost Per Click Down 15%: Has $45 Billion In The Bank
Google just leaked its earnings today unintentionally early in a SEC filing and the street doesn't like the news (they were suppose to be released after the market closed today). Excluding sales passed to partner sites, revenue was $11.3 billion. Analysts on average had estimated profit of $10.65 a share on sales of $11.8 billion. The company earned $9.03 per share in the third quarter, … [Read more...]