net income

Roadshow: CEO Pincus Not Selling Shares in Upcoming Zynga IPO

Kara Swisher in News on November 29, 2011 at 10:01 pm PT

While he has recently been portrayed as Mr. Potter of Silicon Valley, it looks like the online gaming leader will not get greedy in the IPO.

News Byte

Facebook on Track for a $3 Billion Year

John Paczkowski in News on September 7, 2011 at 11:45 am PT

Facebook earned $355 million on revenue of $1.2 billion in the first nine months of 2010, according to a private placement memorandum distributed to potential investors back in January. This year it’s generating quite a bit more. Sources close to the company tell Reuters that the social networking company raked in $1.6 billion in revenue in the first half of 2011. Of that, $500 million is reportedly net income. Impressive results that can only help Facebook as it heads toward an expected IPO sometime in 2012.

Yahoo Revenues Down Again in Q2, With Weakness in Search and U.S. Display Ad Sales

Kara Swisher in News on July 19, 2011 at 1:19 pm PT

Yahoo turned in another flat performance in the second quarter, with $1.08 billion in revenue, which was slightly below Wall Street expectations. Earnings per share were right on target, though, at 18 cents each, an increase of 18 percent.

Liveblogging Demand Media's Q1 Earnings: Perky Perfecting!

Kara Swisher in Media on May 5, 2011 at 2:13 pm PT

Today, after Demand Media beat Wall Street expectations, its cheerful execs got on the horn with investors to explain how it plans to beat the Panda. That would be the beastly name for Google’s rejiggering of its search algorithm, in order to rid search results of poor quality content. BoomTown liveblogged the event, of course.

Demand Media Beats the Street in Q1 Earnings and Promises to Clean Up Its Content Act

Kara Swisher in Media on May 5, 2011 at 1:39 pm PT

Demand Media handily beat Wall Street expectations in its first quarter results today, released after the market closed. The company reported revenue of $79.5 million and six cents a share in adjusted net income. Investors were expecting the company to report about $69.6 million in revenue for the three months, with four cents a share in profits. On a GAAP basis, net loss per share was 13 cents compared to 94 cents a year ago.

Liveblogging Demand Media's (and Richard Rosenblatt's) First Earnings Call: The Avocado Difference!

Kara Swisher in News on February 22, 2011 at 2:08 pm PT

BoomTown always enjoys the maiden voyage of a newly public company, so liveblogging Demand Media’s first quarterly earnings seems like a must-do. It’s also the first public outing for CEO Richard Rosenblatt, who has sold off his previous entrepreneurial efforts. His first point: Where else can you find out how to ripen an avocado?

Even If It Had 500 Shareholders Today, Facebook Doesn’t Have to Disclose Financials Until Spring of 2012

Kara Swisher in News on January 6, 2011 at 2:15 am PT

For all those in a tizzy about Facebook’s deal with Goldman Sachs, which some think is designed to circumvent securities rules related to shareholder numbers and financial disclosure, meet Section 12(g)(1) of the Securities Exchange Act of 1934. Because if anyone cared to read the actual text of the ruling in question, even if it was determined that Facebook had 500 shareholders at this very moment, it is not technically required to disclose any of its financial details until the end of April of 2012.

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