The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Earnings

Earnings: PlanetOut Q4 Revs Fall 15 Percent; Losses Soar On Digital Weakness; No Word On Sale

  • Comments Comments (View)
  • Text Size: A A

PlanetOut (NSDQ: LGBT), which said in January that it was exploring strategic alternatives and that all financial info would be filed through the SEC, has released some very bare-bones Q4 figures at 6:30 PM (ET) on a Friday: The gay and lesbian-oriented media company reported revenues of $13.2 million, down 15 percent from $15.6 million in the year-ago period. Net losses spiked to $8 million ($2.06 per share) from $1.7 million ($.50 per share), although this quarter included a $4.8 million impairment charge. Even on an adjusted basis, however, the company’s loss is still much deeper than a year ago. The digital side saw the most deterioration, with revenues falling from $8.8 million to $6.6 million. Other than that, there’s no discussion, so no mention of the company’s search for strategic alternatives. There won’t be a call either, per its previously stated policy.

SEE ALSO: PlanetOut Exploring A Sale; Will No Longer Communicate With Investors

Release

Feb 29, 2008 6:49 PM ET

Posted In: Money, Earnings, planetout

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

YouTube Music Videos YouTube Music Videos
. I'm Every Woman
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff