Craigslist's Revenues May Reach $100 Million This Year
Craigslist has been dealing with bad publicity and legal troubles recently stemming from their controversial “erotic services” ads, but it looks like they’re having the last laugh.
Today, global consultancy Advanced Interactive Media Group LLC/Classified Intelligence LLC published a report estimating that the online classified advertising site will “generate $100 million in revenue in 2009,” which is an increase of more than 23 percent from Craigslist’s estimated revenue last year.
Craigslist’s success is all the more remarkable since, as AIM Group points out, the company only “charges… for a tiny percentage of its ads.”
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