FindWhat Profit Rises 41 Percent

Share this content:
FindWhat.com's first-quarter profit rose 41 percent, the paid search company said, as it benefited from strong demand for search advertising.


Like Ask Jeeves and Yahoo, FindWhat.com saw solid first-quarter sales growth. Revenue rose 55 percent year over year to $24.7 million. Net income was $3.8 million, up from $2.7 million in the same period last year.


CEO Craig Pisaris-Henderson said the company's acquisitions of e-commerce tool provider Miva, desktop software maker Comet Systems and European paid search company eSpotting Media would make FindWhat a "robust global marketing company."


"In short, our goal is to help online businesses find new high-quality sales prospects, get those prospects to convert into customers and keep those customers coming back through retention-based marketing services," he said in a conference call with investors Monday evening.


In addition to its acquisitions, FindWhat inked a private-label deal to power the paid listings service of Verizon's SuperPages.com. It also partnered with Thomas Global Register to start a business-to-business paid listings service.


FindWhat's paid listings appear on a collection of more than 230 lower-profile search sites such as Dogpile and Webcrawler.


FindWhat, Fort Myers, FL, raised its financial guidance for the year. It now expects $174 million in sales and $34 million in earnings excluding a number of expenses.


The company expects its deal with eSpotting will close by October. Separately, eSpotting said it returned its first profit in the first quarter on $30 million in sales. The FindWhat-eSpotting deal was held up for nine months after a FindWhat financial audit found discrepancies on eSpotting's balance sheet.


Loading links....
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here