Marchex reported earnings after the market closed today and although revenues for both the 4th Q of 2009 and the year ending December 31, 2009 were down, they beat the street estimate by $.01.
Revenue for the 4th Q of 2009 was $23.4 million, compared to $34.8 million for the same period of 2008.
Revenue for the year ended December 31, 2009 was $93.3 million, compared to $146.4 million for the same period of 2008.
Some other interesting points:
Publishing revenue from proprietary traffic sources for the 4th quarter of 2009,was $7.0 million.
During the fourth quarter of 2009, Marchex sold a small number of non-strategic domains that yielded $2 million.
“There is still significant demand for high quality domains and Marchex believes that will remain the case for the foreseeable future.”
Shares of Marchex fell almost 5% in trading prior to the earnings release.