The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App

Earnings: United Online Beats Expectations; Ad Revenue At Falls

This story was written by Joseph Tartakoff.
United Online (NSDQ: UNTD) managed to offset falls in advertising revenue at by getting more people to sign up for paid accounts on the social networking site. United said that ad revenue fell 2 percent at to $20.3 million during its first fiscal quarter, although services revenue jumped 22 percent to $38.2 million. There are now 4.6 million paid accounts on the site, up from 3.5 million a year ago.

Overall, United Online, which also runs floral site, said its net income increased to $17.1 million (35 cents per share), up 31 percent, from $13 million (31 cents per share) a year ago. Revenue doubled to $263.65 million, from $122 million during the same period a year ago. On average, analysts had expected earnings per share of 30 cents on revenue of $261 million.

Release | Webcast

By Joseph Tartakoff