“Our upward revisions are due to continued strength in our distribution business,” said David Binder, chief financial officer of InfoSpace. “During the quarter we saw stronger volume from both existing customers and newly launched accounts that contributed to the better than expected top line and gross profit.”
The looming investor conferences and proximity to the end of the quarter have caused InfoSpace to update their fourth quarter of 2009. InfoSpace, Inc. now predicts revenues for the fourth quarter to be between $69 million and $70 million or 88% to 90% growth from the fourth quarter of 2008; income before income taxes to be between $6.3 million to $7.5 million compared to loss from continuing operations before income taxes of $6.8 million in the fourth quarter of 2008; and Adjusted EBITDA to be between $10 million and $11 million compared to Adjusted EBITDA of $3.7 million in the fourth quarter of 2008.
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InfoSpace, Inc. (InfoSpace) develops search tools and technologies that assist consumers with finding content and information on the Internet. The Company offers search services that enable Internet users to locate and view content, information, merchants, individuals and products online. The Company held 40 United States registered trademarks and 75 foreign trademarks registered in various countries during the year ended December 31, 2008. InfoSpace offers search services through its Web sites, such as Dogpile.com, WebCrawler.com, MetaCrawler.com, and WebFetch.com, as well as through the Web properties of distribution partners. Partner versions of its Web offerings are private-labeled and delivered with each distribution partner’s requirements. InfoSpace uses its metasearch technology to power its branded Web sites and provide online search services to distribution partners.
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