Matthew Dow • 16 Comments
Jun. 2, 2015, 2:46 PM
May 26, 2015, 9:14 AM
May 26, 2015, 7:20 AM
- Privately-owned Hot Topic acquires Geeknet (NASDAQ:GKNT) for $17.50 per share in a transaction valued at $122M.
- The transaction places the ThinkGeek business in the hands of Sycamore Partners.
- Shares of Geeknet closed at $7.88 on Friday.
May 8, 2015, 7:04 AM
- Geeknet (NASDAQ:GKNT): Q1 EPS of -$0.58 misses by $0.21.
- Revenue of $19.1M (-15.8% Y/Y) beats by $1.43M.
Feb. 23, 2015, 7:07 AM
- Geeknet (NASDAQ:GKNT): Q4 EPS of $0.14 may not be comparable to consensus of $0.88.
- Revenue of $72.38M (-2.6% Y/Y) misses by $8.38M.
Nov. 7, 2014, 7:02 AM
- Geeknet (NASDAQ:GKNT): Q3 EPS of -$0.42 misses by $0.04.
- Revenue of $22.24M (-0.5% Y/Y) misses by $1.69M.
Aug. 9, 2014, 8:38 PM
- "Many [online] advertisers now care more about who sees their ads than where they appear," writes the Columbia Journalism Review's Steven Waldman in a column about the threat posed to Web publishers by programmatic (automated) ad buying.
- Whereas a drug developer might have previously bought ads on popular health sites to reach potential customers, it can now use programmatic campaigns to reach them across the Web, aided by cookies that track when a user has shown an interest in particular drugs (or something related to them).
- The upshot? Advertisers are less likely to pay a big premium for inventory on high-profile sites. Waldman: "A marketer can now reach 'New York Times readers' without ever actually advertising in The New York Times, and for less money."
- Publishers are responding in part by embracing native ad formats such as sponsored content. But as Waldman observes, a site's image can get hurt when users conflate sponsored and organic material. "Publishers have ended up trading the one thing they had left—their credibility with readers—for a few scraps of CPM."
- Yahoo (NASDAQ:YHOO), increasingly using native ads to complement traditional display ads, saw a 24% Y/Y drop in display ad prices in Q2 to go with a 24% increase in ads sold. AOL, both a publisher and a programmatic ad tech provider, fared a little better in Q2.
- eMarketer expects U.S. real-time bidding ad spend (a key part of the programmatic market) to rise to $9B in 2017 from $3.4B in 2013. At the same time, it observes many advertisers are treading cautiously for now.
- Other Web publishers: IACI, DMD, TTGT, GKNT, WBMD
- Ad tech firms with programmatic exposure: CRTO, FUEL, RUBI, MRIN, TRMR, YUME, TUBE
Aug. 1, 2014, 7:21 AM
- Geeknet (NASDAQ:GKNT): Q2 EPS of -$0.62 misses by $0.36.
- Revenue of $23.4M (+6.4% Y/Y) misses by $1.47M.
Feb. 21, 2014, 12:45 PM
Feb. 21, 2014, 7:08 AM
- Geeknet, Inc. (GKNT): Q4 EPS of $0.76 may not be comparable to consensus of $1.23.
- Revenue of $74.3M (+12.0% Y/Y) misses by $5.31M.
Nov. 8, 2013, 7:17 AM
- Geeknet (GKNT): Q3 EPS of -$0.21.
- Revenue of $22.4M. (PR)
May 8, 2013, 6:40 AMGeeknet (GKNT): Q1 EPS of -$0.35 misses by $0.06. Revenue of $19.6M misses by $1.59M. (PR) | May 8, 2013, 6:40 AM
Feb. 27, 2013, 6:12 AMGeeknet (GKNT): Q4 EPS of $0.92. Revenue of $66.3M (+21% Y/Y). (PR) | Feb. 27, 2013, 6:12 AM
Nov. 12, 2012, 11:11 AM
J2 Global (JCOM +2.7%) has acquired Ziff Davis, owner of PCMag.com, ExtremeTech, Geek.com, and other tech-oriented Web properties, for $167M in cash. The purchase is slightly off the beaten path for J2, a provider of hosted communications services, but the company notes it's both a major buyer of ads, and a seller via ad-supported sites such as eFax Free. Buying Ziff-Davis puts J2 into competition with GeekNet (GKNT -1.5%). J2 recently made an offer to buy cloud backup services firm Carbonite.| Nov. 12, 2012, 11:11 AM
May 11, 2012, 7:53 AM
Tech site operator Geeknet (GKNT) says it will explore strategic alternative for its online media business including possible sales. The company runs the SourceForge, Slashdot, and Freecode websites. Shares halted premarket.| May 11, 2012, 7:53 AM
Feb. 14, 2012, 12:19 PM
Geeknet (GKNT -10.3%), owner of Slashdot and other tech enthusiast sites, is off sharply after reporting Q4 revenue of $59.8M (+20% Y/Y) and EPS of $0.95 ($0.75 in year-ago period). A 23% Y/Y increase in e-commerce revenue, largely from the company's ThinkGeek site, helped fuel growth.| Feb. 14, 2012, 12:19 PM