Get to work, Janet Scardino: The Knot’s newly hired president and chief marketing officer finds herself employed by a company that just missed its Q3 revenue and earnings goals. Online sponsorship and advertising revenue did grow at an impressive clip, however: up 32% year over year, far faster than at many small Internet companies, and gross margin and operating income increased strongly. EPS was hit by an increased tax rate. Release.
Revenue: $25M, up 35% y/y, but 6% under consensus. $3.7M of that is from Wedding Channel, acquired last year.
National Online Revenue: $4.5 million, up 25% y/y
Local Online Revenue: $7.9 million, up 36% y/y
EPS: 9 cents vs consensus of 12 cents
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