Impressive Quarter for InfoSpace
Infospace had an impressive Q4 with their profits almost doubling. Accoding to recent company filings. Here are some highlights:
Infospace fourth-quarter net income was $18.9 million, or 50 cents a share, compared with $9.9 million, or 29 cents a share, in the year-ago period. Revenue climbed to $79.7 million from $39.0 million. Revenues for the full year 2004 were $249.4 million, reflecting a $117.1 million (or 89%) increase over the full year 2003. Net income for 2004, which includes the gain from the sale of its Payment Solutions business, was $82.4 million, or $2.26 per diluted share, versus a net loss of $6.3 million, or $0.20 per diluted share in 2003.
The INSP news release also includes a breakdown of search-related revenues.
Directory revenues were $47.2 million in the fourth quarter of 2004, an increase of $18.8 million or 66% from the fourth quarter of 2003. During the fourth quarter, total paid searches in North America for both Search and Directory were approximately 205 million, an increase of 32% from the prior year fourth quarter. Average revenue per paid search was approximately $0.19, an increase of 27% over the prior year fourth quarter. Search & Directory segment income was $21.
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