Earnings: XFML Q3 Revs Up 118 Percent on Growth and Acquisitions; Net Income Up

By Joseph Weisenthal Nov. 14, 2007, 6:18am 1 Comment

Xinhua Finance, the Chinese online financial media company, has announced Q3 revenue of $40.7 million, a 118 percent increase over last year’s $18.7 million. Over $8 million of revenue growth came via acquisition in its broadcast business. Net income soared to $9 million, from $849K. Some highlights:

– Revenue at its advertising group grew 99 percent to $22.5 million. Included in this is $9.5 million in print/online revenue (which it groups together), up 92 percent from last year.
– Total broadcast revenue was $8.7 million, almost all of which came from acquisitions. Included in this is $3.3 million in mobile services associated with the consolidation of Beijing Mobile Interactive, acquired in June.
– The company is forecasting Q4 revenue of $42-$47 million.

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