Earnings: Knot’s 3Q Profit Rises Sharply On WeddingChannel Acquisition
14th Nov 2006, 00:50 GMT
Online wedding and post-wedding online media firm TheKnot reports its Q3 numbers and its profit surged more than fourfold, helped by the acquisition of WeddingChannel.com. Net income jumped to $3.3 million, from $722,000 in the year ago quarter. Revenues rose 41 percent to $18.5 million from $13.1 million, with approximately $1.5 million of revenue coming from WeddingChannel.com. Online ad sales climbed 35 percent from the year-ago quarter, while merchandising revenues increased 25 percent. Publishing and other revenues grew 24 percent. More on the earnings in the release. Related: Comcast Divesting Its 17 Percent Stake in TheKnot
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