May 15, 2012
Groupon just reported an 89 percent revenue jump for Q1 2012, compared with the same quarter of 2011. In North America its 75 percent growth was attributed in part to deal personalization, a targeting tool that will soon launch internationally. Groupon customers grew YOY 140 percent, to 36.9 million, with sales from repeat buyers 150 percent of those “...
May 14, 2012
By Christo Volschenk
Axel Springer, one of Germany’s leading media groups, is about to make history. When its digital division replaces its newspaper division as the group’s biggest revenue-generator in the second quarter, Axel Springer will be the first multimedia group in Germany to rid itself of its dependence on print to become a digital-driven media group.The group released its financial results for the first quarter recently....
May 11, 2012
By Linda Karlsson
Today Schibsted ASA released its Q1 2012 results, which shows operating revenue grew 5 percent to NOK 3.6 billion ($0.6 billion U.S.) compared to the same period in 2011. The classifieds division increased its revenue by 19 percent, Schibsted said.EBITDA amounted to NOK 421 million in Q1 2012, compared to NOK 439 million in Q1 2011. The small drop can be ascribed to expenditure on new ventures in the division...
Etsy has just made two major changes. It is now a B Corporation, “a new kind of company that uses the power of business to solve social and environmental problems,” according to the handmade marketplace’s announcement. Additionally, it has gone back to the same venture capital wells for another $40 million for international expansion. The latter has some wondering if the site is overvalued at this point. ...
April 27, 2012
By Linda Karlsson
Today, Alma Media presented its interim report for Q1 2012. Profit for the period was down 60.6 percent and earnings per share decreased from 9c to 3c (measured against 2011), but the company is eager to change this. Acquisitions...
April 26, 2012
Daily Deals giant Groupon is feeling some heat from the U.S. SEC because of accounting errors that caused an overstatement of income. It seems that deals merchants were refunded more than Groupon previously reported, though CEO Andrew Mason referred to it as a simple “bush league mistake.” The problem is that it seems to be happening yet again.
Additionally, while Mason, open...
In its Q1 2012 earnings report, The McClatchy Company reported a loss of $2.1 million, with classified revenue down more than 8 percent year over year. While much of the classified losses were in print advertising, digital dollars suffered as well. The only classified vertical whose YOY ad revenue increased was automotive, showing a 12 percent jump. Real estate and employment dropped nearly 9 percent and more than 6 percent respectively. California and Florida newspapers drove the downward...
April 25, 2012
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April 20, 2012
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April 16, 2012
Gannett Company, Inc. has just reported that digital revenue was up nearly 7 percent the first quarter of 2012, primarily thanks to recruitment revenue boosts at CareerBuilder. Sales and marketing for the career site were up as well, however, and the overall classified outlook for the media group is still bleak. As the graph below clearly shows, U.S. real estate and legal advertising saw the biggest drops in classified ad dollars.
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