Earnings are in for MySpace (owned by NewsCorp), interCLICK, and Answers Corporation. The three advertising revenue-based companies had mixed results.
NewsCorp reported that Fox Interactive Media, of which MySpace is the primary web property, saw a 17% gain. However, that's still a 57% drop from the previous quarter. NewsCorp president Rupert Murdoch isn't confident about the future of online advertising and expects to see a decline in revenues for the company as a whole going forward.
interCLICK's ability to hang onto their client roster is the reason why they posted a 23.2% increase in revenues. They also saw a drop in their operating losses. They're projecting 60% growth in 2009, which seems a bit ambitious considering the economy at large.
Answers Corp., which owns WikiAnswers.com and Answers.com, saw a revenue increase of 19% quarter-over-quarter and 61% year-over-year. However, their net losses are increasing.
Overall, it looks like these companies are hanging on, but the future looks to be in a range from uncertain to bleak.
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