Shopzilla Update from Scripps Earnings Call


CEO Ken Lowe said on the earnings call:

The story at Shopzilla is one of improvement. Shopzilla finished strongly in the 4th quarter, with both the top and bottom lines ahead of last year during the same period. Even better, we’ve been experiencing very solid revenue growth in the early going so far this year thanks to increased traffic acquisition efficiencies. Things are definitely looking up at Shopzilla both here in the US and in Europe.

From the Q&A session:

As far as Shopzilla, we are obviously very encouraged by the recent news there and the change of fortunes that began in the fall. We are optimistic now that we are cycling over some weak quarters from last year but the 4th quarter was a very strong quarter for us and for the first time in several quarters we were experiencing double digit growth in net revenue there. I think we’re safe to say mid-teens level on revenue growth there. As we entered the year, ’08, we continued to see that strength and we’re doing a lot of things to ensure that is sustainable for us. So we’re all very optimistic about how things are going at Shopzilla. The team out there is an outstanding job of righting the ship and getting us on the right track going forward.

And the final question: Are you looking to sell Shopzilla or uSwitch?

No, we’re not.

3 Responses to Shopzilla Update from Scripps Earnings Call

  1. Omar says:

    I guess that settles that.

    Which makes sense as per your previous post about Scripps looking to dominate the markets it enters. Shopzilla is their best bet to dominate the shopping market, which is too important for them to ignore altogether.

  2. dwsresearch says:

    It appears that Scripps has done a horrible job with Shopzilla since they bought it. Do you have any idea how they put up much better 4Q revenue numbers? Were they out buying traffic aggressively or have they found better ways to get “organic” traffic through SEO?

  3. […] was seeking to give more autonomy to Kelkoo, and previous rumors that Shopzilla may be for sale (which seems to be false in the end, by the […]

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