net income

Facebook IPO Docs Could Get Approval This Week, Followed by Road Show With Zuckerberg (No Guarantee on Tie)

Kara Swisher in Social on May 1 at 5:58 am PT

Camille, scramble the private jets, stat!

Confirmed: Schultz and Efrusy to Leave Groupon Board; “Accounting Types” Joining

Kara Swisher in Commerce on April 30 at 12:40 pm PT

Will a shake-up of the board of the daily deals company help its prospects?

Updated S-1: Facebook’s Yearly Revenue Growth Up 45 Percent, But Down Six Percent From Last Quarter

Kara Swisher in News on April 23 at 12:13 pm PT

Will the new results cause investors to worry?

Groupon Restates Earnings After Seeing a Spike in Holiday Returns

Tricia Duryee in Commerce on March 30 at 2:16 pm PT

Groupon has revised its results for the fourth quarter due to higher-than-expected return rates. The announcement sent its shares tumbling in after-hours trading.

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?