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ZDNet loses $741,000 in third quarter

Published on .

San Francisco--ZDNet, Ziff-Davis' online technology portal, Wednesday posted a third-quarter loss of $741,000, compared with net income of $212,000 a year earlier, despite strong gains in revenue. ZDNet's revenue rose to $26.3 million, an 81% increase from $14.5 million in last year's third quarter. ZDNet attributed the loss to interest payments on acquisitions and stock-based compensation. The number of ZDNet advertisers reached 484 in the third quarter, up 63% from 297 in the same quarter last year.
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