Oct 29
Scripps Networks Interactive Reports Q3 2008 Results
From the press release:
Revenue for the Interactive Services segment grew 14.7 percent to $62.6 million. Segment profit was $12.8 million compared with $8.7 million during the same period a year earlier.
The growth at Interactive Services is attributable to increased user traffic and higher referral fee revenue at Shopzilla, and an increase in energy switching activity during the period in the United Kingdom for uSwitch.
This compares with Q2 revenue of $66.9 million and segment profit of $15.1 million (PDF link).
These results are a positive sign for the industry in the face of Shopping.com’s troubles as reported by eBay in its Q3 2008 call.
The results are also a bit of a surprise to me…if Shopping.com was really affected by “changes made by search engines that disrupted shopping’s traffic.” (from the eBay Q3 Earnings Call), why wasn’t Shopzilla? Were these “changes” to PPC listings or organic listings? I believe that eBay was probably […]