Financial results

Yelp profit grows as it moves across globe

Directory portal Yelp just keeps on evolving from review-only to sales facilitator for local businesses –  and that shows in its bottom line, with another quarter whose net income ($3.6 million)  compared positively to a net loss this same time last year. As of the third quarter of 2014, Yelp revenue leaped 67 percent year-over-year, its 67 million reviews indicated a 41 percent YOY...

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Alma Media increases digital revenue and profit in Q3

The revenue of Alma Media’s division Digital Consumer Services, which houses the company’s classifieds business*, increased by 10.1 percent in Q3 of FY2014 from Q3 in FY2013. In Q3 of FY2014 revenue of the Digital Consumer Services division amounted to €13.5 million ($17 million U.S.), against €12.3 million in Q3 of FY2013. Of total revenue, the businesses in Finland contributed...

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Angie’s List loses less, transitions sales team

The standard  “Isn’t that great, we didn’t lose as much money this quarter!” message was part of yet another Angie’s List earnings call, this one for the third quarter of 2014.  So the Q3 $5 million net loss was far more humdrum than the earnings call discussion of the Indianapolis expansion,  and the changes in sales tactics. The City of Indianapolis and the...

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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

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

m4s0n501 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...

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