Online sales at TheKnot.com up 24%
TheKnot.com reported web sales of $5.31 million for the third quarter of 2007, up 24% from $4.27 million year over year. Total Q3 revenue for the wedding products and services company was $25 million, a 35% increase from $18.5 million reported for the same quarter in 2006.
Online advertising revenue for the quarter was $12.4 million, a 32% increase compared with $9.4 million in Q3 2006. Registry services revenue, mainly through the WeddingChannel.com business that was acquired in September 2006, was $3.7 million in the third quarter. Publishing and other revenue was down about 7%, from $3.9 million in Q3 2006 to $3.6 million in Q3 2007.
Net income in Q3 2007 for The Knot, which is No. 343 in the Internet Retailer Top 500 Guide, was $2.9 million compared with $3.3 million in the same period of 2006.
For the nine months ended Sept. 30, 2007, online merchandise revenue was $16.4 million, up 35% compared with $12.2 million for the same period in 2006.
Net revenue for the nine-month period was $74.5 million and net income was $9.3 million compared with revenue of $51 million and income of $8.8 million in the first nine months of 2006.
Back...
