News

Jupiter Media reports on Q3 2005

By Brent Phelps November 02, 2005

Comments (0)

Jupiter_q3_1Jupiter Media has once again posted a record quarter with revenues of 34.4 millon. This is an increase of 118% over the same period last year but only a very slight increase over the 33.8 million reported in the 2nd quarter of 2005. Net income for the third quarter was $60.4 million, or $1.62 per diluted share, compared to net income of $5.1 million, or $0.15 per diluted share, for the same period last year. Alan Meckler the CEO of Jupiter Media had the following to say "We have been emphasizing the development of our JupiterImages division and the third quarter illustrates continued organic and overall growth in the sales and distribution of commercial images. The acquisitions of PictureArts in July and BananaStock in October further solidifies JupiterImages' position as a leader in stock imagery.” With revenue only slightly above the previous quarter many are watching to see the effect of Getty's decision to boot the 40,000 Picture Arts images on Dec. 16th. There is speculation that this will cripple earnings and it may take Jupiter some time to overcome the loss. Alan Meckler has posted some comments on his Blog about Getty removing these images.

Andy Goetze at Stock Photo Talk has posted a nice comparison to the annual numbers for Getty and Corbis.

Click here for the original press release.

Post a Comment


Name required

Email required but won't display

URL posted with nofollow attribute

Your Message

Remember my personal information

Notify me of follow-up comments?

Please enter the word you see in the image below