Mediabistro Parent Company WebMediaBrands Narrows Loss, Grows Revenue
Mediabistro.com’s parent company WebMediaBrands posted revenues of $2.5 million for Q2 2010, a 72 percent increase over Q2 2009.
The company’s net loss was $968,000, down from $1.2 million, however, WebMediaBrands grew advertising revenues and job board revenues 171 percent and 110 percent, respectively.
“Our second quarter demonstrated significant year-over-year and sequential quarterly growth in revenues and reductions in operating expenses,” Alan M. Meckler, Chairman and CEO of WebMediaBrands, said in a statement. “We are excited by the success of our trade shows that ran during the second quarter and that covered a variety of social media topics.
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