Home Business IT Open Source Slashdot owner reports loss again

Geeknet, the owner of the American technology news accumulation site, Slashdot, has reported a net loss of $US4.4 million for the year 2010.


In 2009, the company recorded a net loss of $US14 million.

Geeknet released results for the final quarter of 2010 a couple of days ago. Apart from Slashdot, Geeknet also owns SourceForge, ThinkGeek and freshmeat.

The results showed that revenue for the full year increased by 44 percent to $US94.6 million. Most of the increase came from ThinkGeek, a site that sells products that appeal to geeks. ThinkGeek increased its revenue by 55 percent while Geeknet's media revenue went up by 11 percent.

Fourth quarter revenue for 2010 was $US50 million compared to $US32.6 million for the corresponding quarter in 2009. Profit for the quarter was $4.7 million compared to $US1.5 million for the corresponding period in 2009.

"Geeknet closed 2010 with a stellar fourth quarter. ThinkGeek grew revenue by 60 percent and our media business demonstrated early signs of traction with our new strategy as evidence by its solid growth over last year," said Ken Langone, executive chairman, Geeknet.

"Our 44 percent growth in revenue for the full year demonstrates the strength of our community and our marketing efforts. We look forward to continued success in 2011 as we remain focused on growing top line revenue and increasing profitability."

WEBINAR 7th May 11am - WOW 802.11

Learn how Ruckus Redefines High-Speed, High Capacity Wi-Fi with Industry’s First 802.11ac Wave 2 Access Point

THIS IS ONE NOT TO MISS SO REGISTER NOW

DON'T MISS OUT - REGISTER NOW!

FREE - SYDNEY & MELBOURNE BUSINESS INTELLIGENCE EVENTS

The Holy Grail of the Business Intelligence (BI) industry – pervasive deployments and widespread end-user adoption – has remained an illusive dream for years. Until now!

REGISTER & SECURE YOU PLACE / BRING A FRIEND

Melbourne - venue Captain Melville’s CBD 2:30 – 6:00pm, Tuesday 28th April

Sydney - venue Redoak CBD 2:30 – 6:00pm, Thursday 30th April

DON'T MISS OUT - MELBOURNE REGISTER NOW!

DON'T MISS OUT - SYDNEY REGISTER NOW!

FREE WHITEPAPER - RISKS OF MOVING DATABASES TO VMWARE

VMware changed the rules about the server resources required to keep a database responding

It's now more difficult for DBAs to see interaction between the database and server resources

This whitepaper highlights the key differences between performance management between physical and virtual servers, and maps out the five most common trouble spots when moving production databases to VMware

1. Innacurate metrics
2. Dynamic resource allocation
3. No control over Host Resources
4. Limited DBA visibility
5. Mutual ignorance

Don't move your database to VMware before learning about these potential risks, download this FREE Whitepaper now!

DOWNLOAD!

Sam Varghese

website statistics

A professional journalist with decades of experience, Sam for nine years used DOS and then Windows, which led him to start experimenting with GNU/Linux in 1998. Since then he has written widely about the use of both free and open source software, and the people behind the code. His personal blog is titled Irregular Expression.

Connect