blinkx posts loss
May 16, 2008
Video search engine blinkx posted a net loss of $3.2 million for the six months to end-March on revenues of $3.6 million, but said it is ahead of plan in its move towards profitability.
blinkx said content hours have more than tripled since its IPO in May 2007 to 26 million from 7 million, and added that it achieved daily video search run rate of over 5 million per day in March 2008. Shares in the site have recently surged 50 per cent following rumours of a possible buyout bid from Google or News Corp.