Joseph Weisenthal
Sep 23, 2008 2:03 PM
Financial info site BankRate is expanding its financial product listings, as it’s acquiring Bankaholic, which provides info on deposits, savings accounts, and money market accounts. The company will pay $12.4 million up front, with another $2.5 million possible earnout over the next 12 months. Bankaholic’s sole employee John Wu will…
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Money, M&A & Venture Capital, Mergers & Acquisitions, bankaholic, bankrate
Joseph Weisenthal
Aug 4, 2008 3:05 PM
Financial info portal Bankrate (NSDQ: RATE) announced Q2 revenue of $40.2 million, a 73 percent increase from $23.2 million in the year-ago quarter. The top-line figure matches what the company said back in early July, when it lowered its forecasts due to a softening display market. The company offers a…
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Advertising, Money, Earnings, bankrate
Joseph Weisenthal
Jul 7, 2008 7:42 AM
Financial site Bankrate (NSDQ: RATE) had been holding up admirably in the face of the weak mortgage market, as it consistently turned in strong results in recent quarters. In the past month or so, investors obviously lost confidence, sending its shares down over 35 percent, to around its 52-week low.…
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Advertising, Money, Earnings, bankrate
Joseph Weisenthal
May 1, 2008 4:10 PM
There’s gotta be some connection between the real housing market and Bankrate (NSDQ: RATE), since so much of their business is lead-gen for lending. But for now, the company seems to be operating outside the laws of physics. Q1 revenue jumped 91 percent to $42.5 million, from $22.2 million. Net…
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Money, Earnings, bankrate
Joseph Weisenthal
Feb 5, 2008 5:37 PM
Financial info site Bankrate (NSDQ: RATE), considered to be something of a key bellwether given its reliance on the mortgage market, reported Q4 revenues of $25.2 million, a 22 percent year-over-year increase from $20.7 million. Net income increased 5 percent to $4.1 million ($.21 per share) from $3.9 million ($.21…
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Advertising, Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, bankrate
Joseph Weisenthal
Nov 1, 2007 7:38 AM
Despite troubles in the mortgage sector, online financial marketplace and aggregator BankRate announced Q3 revenue $24.9 million, up 28 percent from last year’s $19.5 million. Net income jumped to $5.4 million from $1.2 million, although the prior year’s quarter included a $3 million legal settlement charge. Some highlights: —Display ad…
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Money, Earnings, bankrate