CNET posts big revenue boost

Published on .

San Francisco--After announcing earlier in the week its acquisition of Ziff-Davis Inc., CNET Networks Inc. reported Thursday net revenue of $52.2 million for the second quarter, a 104% increase over the same period last year. CNET reported a net loss for the quarter of $20.7 million. It also reported pro forma net income of $2.5 million, excluding goodwill amortization, net gains on investment sales, and related taxes. CNET attributed the growth in revenue to an increase in traffic and a honed ability to monetize that traffic through advertising, lead-based revenues and licensing fees. CNET also reported it increased its number of advertisers to 900 in the second quarter, up from 364 in the second quarter of 1999.
Most Popular
In this article: