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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:

  • MyPoints.com (Nasdaq: MYPT)
  • beat analysts lowered expectations in the third quarter and saw its chairman resign as CEO.

    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.

  • Salon.com (Nasdaq: SALN)
  • beat analyst estimates in the second quarter.

    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.>