Jupiter Media Metrix meets, Salon.com beats estimates
Jupiter Media Metrix (Nasdaq: JMXI) met the consensus analyst estimate in the third quarter.
After market close Thursday, the Internet research firm reported a third quarter loss of $1.7 million, or 8 cents per share, excluding amortization. That was in line with the consensus forecast produced by First Call's survey of three analysts.
Third quarter revenue tripled year-over-year to $16.5 million. If full quarterly results are combined for Jupiter and Media Metrix, whose merger was completed near the end of the third quarter, revenues rose 112 percent to $38.6 million from $18.2 million a year earlier.
Media Metrix and AdRelevance measurement revenues rose 154 percent year-over-year to $14 million. Jupiter Research sales increased 126 percent to $16 million. Jupiter Events and other revenue gained 56 percent to $8.6 million.
Total contract value at the end of September was $113 million, a 138 percent improvement from a year earlier.
Other companies reporting quarterly results Thursday:
The provider of online marketing programs reported a third quarter net loss of $12.8 million, or 36 cents per share, excluding amortization. Following a warning from the company last month, analysts cut their expectations to produce a First Call consensus forecast calling for a loss of 39 cents per share for the quarter ended Sept. 30. Prior to the revision, First Call predicted a loss of 28 cents per share.
Third quarter revenue of $14.5 million was in line with the company's caution, and up 107 percent year-over-year.
Steve Markowitz resigned as CEO, although he will remain chairman through the end of the year, and a director after that.
Including amortization, MyPoints.com lost $23.4 million, or 66 cents per share.
The online media company reported a fiscal second quarter net loss of $2.8 million, or 22 cents per share, excluding amortization. The lone analyst surveyed by First Call predicted a loss of 30 cents per share.
Third quarter revenue increased 59 percent year-over-year and 25 percent sequentially to $2.2 million.
Including all charges, Salon.com lost $3.5 million, or 27 cents per share.
The company can achieve break-even results with its current assets, said Michael O'Donnell, president and CEO.>