Shopping.com’s 2004 sales rise 48% year-over-year
In its first quarterly report as a public company, Shopping.com Ltd. said revenue for the fourth quarter ended Dec. 31 rose 33% year-to-year to $33.6 million, while full-year 2004 revenue reached $99 million, up 48% over 2003.
Shopping.com, which took its present form last year after the merger of shopping comparison site Dealtime.com and consumer ratings service Epinions.com, said Q4 net income tripled year-to-year to $6.3 million from $2.1 million, and that full-year net income rose 75% to $12.2 million from $6.9 million in 2003.
Revenue per paid merchant lead increased 30% in Q4 over the same period a year ago, the company said.
Shopping.com said it expects 2005 revenue to rise 25% or more over 2004, reaching a range of $125 million to $132 million.
"We expect 2005 to be a year of significant growth for Shopping.com as we expand our categories and our geographic reach, setting the stage for continued long-term growth and profitability," said CEO Dan Ciporin. "We will continue to optimize our service for maximum conversion to sale while substantially increasing our investment to establish our leadership position internationally."
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