Intermix Q2 Earnings

by David Evans on August 16, 2005 in Dating Industry Finance

From PaidContent:

No specific breakdown of revenues from MySpace was provided, but the division of which it was part of “Network segment” grew 106 percent to $12.7 million, up from $6.2 million for the same period last year.

From the filing on MySpace acquisition: “In connection with the Merger, on July 18, 2005, the Company [Intermix] exercised its option to acquire the outstanding equity interest [47 percent] of MySpace that it does not already own for approximately $69 million.”

Completion of the MySpace purchase is scheduled to occur on October 14, 2005.

Also in the SEC filing, a bunch of details about current and previous litigations against Intermix, the $7.5 million settlement with Attorney General of the State of New York related to adware settlement.

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    { 1 comment }

    markus August 16, 2005 at 6:09 pm

    Myspace’s lead on other dating sites just keeps on growing. Over 110,000 signups per day and over 10 billion impressions a month.

    Markus.

    Continuing their upward trend, online display impressions jumped in July to 102.9 billion, up from 97.1 billion in June, 93.1 billion in May, and 91.4 billion in April, according to Nielsen/NetRatings, reports MediaPost. MySpace alone accounted for 10.8 percent of ad impressions in July, its popularity surging from 7.9 percent of impressions in June and 6.3 percent in May. Yahoo Mail and MSN Hotmail’s share of impressions decreased to 7.6 percent and 6.9 percent, respectively, in July, compared with 8.1 percent and 8 percent, respectively in July 2004.

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