Bankrate (RATE) Q4 Revenue Misses, Approves $50M Buyback
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Bankrate Produces Record Full-Year Results Despite Impact Of Google Compare Q4 Testing And Lower Deposit Advertising Revenue
February 24, 2016 4:31 PM ESTNEW YORK, Feb. 24, 2016 /PRNewswire/ --
Fourth quarter revenue of $93.4 million, up 2% versus prior year; full-year 2015 revenue of $370.5 million, up 6% compared to full-year 2014. Fourth quarter Net Income (which includes Insurance) of $4.8 million; full-year 2015 Net Loss (which includes Insurance) of $(13.3) million. Fourth quarter Adjusted EBITDA of $28.5 million, down 8% versus the prior year quarter; full-year 2015 Adjusted EBITDA of $127.1 million, up 8% versus the prior year. On December 28, 2015, the Company completed the previously announced sale of its Insurance business, InsuranceQuotes.com, to All Web Leads,... More