Vehicle shopping and pricing service TrueCar is planning to roll out a slew of new products, and more extensively focus on the pre-owned vehicle market. One of these rollouts is a vehicle-valuation trade-in product called TrueTrade, which sounds a bit like AutoTrader.com's Trade-In Marketplace. (For the details on Trade-in Marketplace, see CIR 14.18, Sept 26, 2013)
In its recent filin
While Groupon still struggles to become profitable, its brave, aggressive and constantly innovative transition to online marketplace brought Q1 2014 billings to a record high of $1.82 billion, up 29 percent year-over-year (YOY) . Its net loss of $37.8 million was a 50 percent improvement over Q1 2013.
On the earnings call, Groupon CEO Eric Lefkofsky attributed much of the loss to the cost of t
Schibsted will roll out “a next-generation app” during the coming six months on its classified sites. CEO Rolv Erik Ryssdal disclosed this news at the presentation of the Q1 results on May 7…
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At Schibsted it was business as usual in Q1, according to the financial report released today. Online grew nicely, while print advertising declined at a faster pace than the company had experienced until now. The drop in advertising at newspapers will still be big news in the coverage of Schibsted's Q1 report by media sites, such as Kampanje.no. The fall seem
Despite a 7 percent year-over-year increase in revenue, Move Inc. reported a Q1 2014 net loss of $5,182,000. While attribution for the loss was not given on the earnings call perhaps its extensive array of new products and expansive TV and Web marketing took their financial toll. While Move neither confirmed nor denied, one analyst in the audience suggested a $25 million ad spend by Move Inc in
In its Q1 2014 earnings release, tech-focused broker ZipRealty reported a net loss of $2,896,000 and a 12 percent year-over-year decline in revenue, but a 28 percent YOY increase in agents paying to be part of Powered by Zip. Overal
From Q1 last year to Q1 in FY2014 German media group Axel Springer grew its revenue 4.4 percent to €692 million ($954 million U.S.), the company announced today (here in English). Earnings before interest, tax and depreciation (EBITDA) rose 13.6 percent
In what might suggest a bit of a boost in Cars.com's year-over-year earnings, Graham Holdings Company -- 16.5 percent owner of Classified Ventures -- reported equity in earnings of affiliates, net, was $4.1 million for Q1 2014, compared with $3.4 million for Q1 2013. Classified Ventures is its primary affiliate.
Gannett Company (NYSE: GCI), which holds 26.9 percent ownership in Classified Ventu
Monster Worldwide reported a Q1 net loss of $470,000, and a year-over-year 7 percent revenue drop to $198 million. Its resume database access, the bright spot, was up YOY 27 percent.
In one of several hints about May 14 new-product unveilings, president, CEO and board chair Sal Iannuzzi hinted that Monster's resume product would be part of the rollouts. He said that the increase in resume traf
While its Q1 2014 revenue of $473.2 million reflected a 46 percent increase year-over-year, LinkedIn still reported a net loss of $13.4 million for the quarter.
Talent Solutions, responsible for 58 percent of total Q1 revenue, grew 50 percent YOY, to $275.9 million revenue. LinkedIn CEO Jeff Weiner told those of us on the earnings call that upsell of current advertisers was responsible for 7