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.
Related reading
What we learned from SEO: The Movie
SEO: The Movie is a new documentary which explores the origin story of search and SEO, as told by several of its pioneers. It’s a 40-minute snapshot of the search industry that is and was, with a glimpse into the future and what might become of SEO in the years to come. Here are some of the highlights.
Everything you need to know about visual search (so far)
Visual search is one of the most complex and fiercely competed sectors of our industry. Here's a review of the key players, and what their technology allows us to do.
Google fined $2.7 billion by E.U. in anti-trust ruling
Google has been fined a record $2.7 billion for a breach of E.U. anti-trust rules. The search giant was charged with giving “illegal advantages” to another Google product within search results, in a case that started more than seven years ago.
Meeker’s Report on the state of advertising and ad trends to watch out for
Mary Meeker’s Internet Trends Report 2017, one of the most-anticipated annual events in the world of digital, was released a few weeks ... read more
