Earnings: Jupitermedia's Losses Balloon; Online, Images Revenue Down

This story was written by Tameka Kee.
Online media and images company Jupitermedia (NSDQ: JUPM) had a poor Q3, with revenues down 13 percent year-over-year and losses that shot up. Revenues came in at $31 million, down from $34.8 million in Q307, dragged down by slumps in its two core divisions. Online images revenue was down 12 percent, from $26.8 million in Q307 to $23.4 million. But the company won't have to worry about that much longer, as it sold its online images division to Getty Images (NYSE: GYI) in late October. The plan is to devote more attention to its stable of online properties like Mediabistro.comwhich didn't fare much better in Q3: Revenues came in at $7.5 million, down five percent from $7.9 million in Q307. Meanwhile, losses topped $22.6 million, up sharply both from Q2 and the previous year.

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By Tameka Kee
  • CBSNews

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