Q3 Earnings for MySpace, interCLICK and Answers Corp.

November 9, 2008 by admin  
Filed under Search Engines

Q3 Earnings for MySpace, interCLICK and Answers Corp.

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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