JUPITERMEDIA CORPORATION REPORTS RECORD RESULTS FOR ITS SECOND QUARTER ENDED JUNE 30, 2005
(New York, NY - August 1, 2005) - Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended June 30, 2005. Revenues for the second quarter of 2005
were $33.8 million compared to revenues of $17.8 million for the same period last year, an increase of 89%. Net income for the second quarter was $7.0 million, or $0.19 per diluted share, compared to net income of $3.5 million, or $0.11 per diluted share, for the same period last year.
"We are pleased with our financial results for the second quarter, with
record revenues and net income," stated Jupitermedia's Chairman and CEO Alan M. Meckler. "We have been emphasizing the development of our JupiterImages division and the second quarter illustrates continued organic and overall growth in the sales and distribution of commercial images. The acquisition of PictureArts in July marks our seventh major images acquisition since June 2003 (ArtToday, Comstock, Thinkstock, Hemera, Dynamic Graphics, Goodshoot and PictureArts). We plan to continue our acquisitions program in the coming months. Our employees are working hard to shape and integrate these acquisitions so that Jupitermedia becomes a powerful creator and distributor of a wide range of commercial images. The full impact of this integration will be more apparent in future quarters. In the meantime we continue to evolve as a company making positive financial progress not only with JupiterImages, but with our JupiterWeb, JupiterResearch and JupiterEvents divisions," added Meckler.
