AIMGroup

Monster Q2 revenue beats expectations

Monster Worldwide reported Q2 revenue of $180 million, beating slightly analysts’ expectations but losing 7.2 percent on a year-over-year basis. The company reported 10 cents earning per share, beating estimates by 2 cents. It was enough to lift shares to a 52-week high of $6.97 (NYSE:MMW) and raising the company’s market cap to $621.53 million. “Our quarterly results exceeded our...

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LinkedIn Q2 revenues rise, stock tumbles

LinkedIn’s Q2 revenues jumped 33 percent from the same quarter in 2014 to $712 million, beating analysts’ expectations. The company said it expects full-year revenues of $2.94 billion. Premium subscriptions were up 22 percent to $128 million. Marketing solution revenues rose 32 percent to $140 million. It also said that Lynda.com – the online training platform it bought for $1.5 billion –...

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Frontier Digital invests in Moroccan site

Frontier Digital Ventures today announced an investment in Moteur.ma, a leading auto site in Morocco, giving the Kuala Lumpur-based investor a 32 percent stake in the company. The amount of the investment was not disclosed. Moteur generates more than 500,000 visits and 4.5 million page-views each month. It has more than 60,000 cars in its database and more than 220,000 Facebook fans. It was...

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Auto site Droom.in wins funding round

Indian automotive site Droom.in is small — only 6,500 listings right now — but it has big ambitions, and now lots of money in the bank. The site, which competes with auto vertical sites Carwale, Cartrade, and Cardekho and gen-class sites OLX.in and Quikr.com (among others), just closed a $16 million (U.S.) funding round. The company expects to add 200,000 listings in the next two...

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CoStar Group reports increased revenue, sales bookings

CoStar Group Inc. (NASDAQ:CSGP) reported that revenue for Q2 2015 was $170.7 million, an increase of approximately 16 percent over revenue of $147.7 million for the same quarter of 2014. Revenue was bolstered by a 95 percent year-over increase in quarterly sales bookings and a 58 percent annualized growth rate for Apartments.com. “Our strategic investments in the Apartments.com...

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