SEL: Search engine LookSmart sees 70% increase in quarterly revenue

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Search marketing in the new media era.

October 28, 2003

Search engine LookSmart sees 70% increase in quarterly revenue

LookSmart (LOOK) reported its Q3 results today, showing a 70% increase in revenue compared to last year.

Revenue increased to $40.3 million compared to $23.8 million in Q3, 2002. Net profits increased to $1.9 million.

"We are finalizing our go-forward plan of operations as we look past the conclusion of our MSN agreement in January 2004," LookSmart Chief Executive Jason Kellerman said in a statement.

Kellerman added that the company expects to provide investors with a mid-quarter update on its plans.

Andy Beal | permalink | +marktd |

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