The Knot (KNOT) Q3: Misses Revs, EPS

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

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

earnings sai-us theknot