Financial results

EBay earnings disappoint its execs

John Donahoe, on his way out as EBay CEO and president, expressed disappointment with the company’s Q3 financial results when he spoke on an analyst call yesterday. “EBay is clearly facing some near-term challenges,” Donahoe said. “Its growth is neither what we wanted nor what we expected. For the third quarter, global GMV [gross merchandise volume] grew 7 percent on an...

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Newspaper classifieds drag down SPH profits

m4s0n501 Singapore’s main newspaper publisher Singapore Press Holdings Limited has reported a drop of 6.2 percent in profit for the year ending 31 August 2014. Full year net profit was SGD$404.3 million (USD$323.36 million). In a statement released 15 October the Group said it was hit by lower profit contribution from its newspaper and magazine business that it attributes to declines in...

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Carvana projects $50 mil revenue 2014

Carvana is expecting to reach $50 million revenue for all of 2014. While the  all-online vehicle marketplace  and aggressive auto-dealer competitor calls this a more-than 1,000 percent jump in revenue, this is its first full year as a marketplace. We’re therefore unclear to what this is compared. Here’s the announcement: Carvana to Surpass 1,000 Percent Revenue Growth in...

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Angie’s List could be up for sale

Angie’s List, which Citron Research recently referred to as “hands down the most ridiculous business model in the new Web economy” is studying the possibilities of a sale of the site. The service marketplace has also secured a new $85 million credit agreement to restructure debt, according to Business Insider. As a result of this news, Angie’s List stock, which has...

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It’s a done deal – Gannett owns Cars.com

Gannett Completes Acquisition of Remaining 73% Interest in Cars.com Rapidly Growing Business Doubles Gannett’s Digital Portfolio Announces October 29th Investor Meeting Focused on Company’s Digital Portfolio  McLEAN, Va., Oct. 1, 2014 /PRNewswire/ — Gannett Co., Inc. (NYSE: GCI) today completed its previously announced acquisition of the remaining 73% interest in...

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Scout24 publishes impressive financials

On Sept. 23 Germany’s Scout24 Group took a big step in the direction of a listing, when it published an impressive set of financials for its “core operation” and “non-core operation” separately. The “core operation” includes Immobilienscout24, Autoscout24 and Corporate services; the “non-core” the rest. Financial results will be published in this way in future, the company...

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