Key Developments For Internet Brands, Inc.
Internet Brands, Inc. (INET.O) (Nasdaq)
Internet Brands, Inc. Issues Q4 2009 Guidance; Revenue Guidance Below Analysts' Estimates; Issues FY 2009 Mixed Guidance; Comments On FY 2010 Guidance
Internet Brands, Inc. announced that it expects fourth quarter 2009 revenues to be in the range of $26.5 to $28.0 million and Adjusted EBITDA to be in the range of $11.2 to $12.1 million. For fiscal 2009 it expects revenues to be in the range of $98.6 to $100.1 million. Adjusted EBITDA is expected to be approximately $39.5 to $40.4 million, representing year-over-year EBITDA growth of 12%-15% over 2008. For Fiscal 2010 it expects revenue growth of approximately 10%-18% over 2009 and Adjusted EBITDA growth of approximately 15%-20% over 2009. According to Reuters Estimates, analysts are expecting the Company to report revenue of $28.2 million and EBITDA of $11.5 million for fourth quarter 2009; revenue of $100.3 million and EBITDA of $39.4 million for fiscal 2009; revenue of $114.9 million and EBITDA of $47.2 million for fiscal 2010.
Internet Brands, Inc. Launches Health Vertical With Two Acquisitions
Internet Brands, Inc. announced the launch of a new Health vertical in the Company's Consumer Internet Division. The new Health vertical focuses on specific medical procedures, fitness and nutrition, and support communities. The Health vertical includes two recent acquisitions, HealthNews.org and Vasectomy.com, and six websites in total: Specific Procedures and Conditions - HealthNews.org - Acquired in the third quarter of 2009, HealthNews helps consumers better understand specific medical conditions and procedures and connects them directly with local doctors and clinics. The acquisition includes DermaNetwork.org, VeinDirectory.org, OnlineSurgery.com, ScanDirectory.org, and FertilityProRegistry.com. - Vasectomy.com -- Educates users about vasectomy and vasectomy reversal procedures and also provides access to local physicians. Terms of the deal were not disclosed.
Internet Brands, Inc. Reiterates FY 2009 EBITDA Outlook; Issues FY 2009 Revenue Outlook Below Analysts' Estimates; Issues Q3 2009 EBITDA Outlook; Revenue Outlook Below Analysts' Estimates
Internet Brands, Inc. reiterated its fiscal 2009 adjusted EBITDA outlook of approximately $38.5-$40.5 million. The Company expects fiscal 2009 revenues to range from $98-$102 million. For the third quarter of 2009, the Company anticipates revenues to range from $25.0-$25.8 million and adjusted EBITDA to range from $10.0-$10.7 million. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $38.9 million and revenues of $107 million for fiscal 2009 and revenues of $28.2 million and EBITDA of $10.2 million for third quarter of 2009.
Internet Brands, Inc. Acquires Websites in Money and Leisure Categories
Internet Brands, Inc. announced that it has acquired three websites in its Consumer Internet division. Two of the websites will join the company's Money and Business vertical, while the third will join the Travel and Leisure vertical. Financial terms were not disclosed.
Internet Brands, Inc. Reaffirms FY 2009 EBITDA Guidance
Internet Brands, Inc. reiterated its fiscal 2009 guidance of adjusted EBITDA growth in the range of 10% to 15% over fiscal 2008, or adjusted EBITDA of approximately $38.5-$40.5 million. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $40 million for the same period.
