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blinkx doubles revenue, still losses

May 20, 2010

Video search-and-ads firm blinkx nearly doubled its income last year – but cost still outpaced revenue for a significant loss. Suranga Chandratillake CEO and founder says blinkx is well-positioned in the fast-growing space – it's got 720 content providers, its video searches are up 169 per cent to 22.6 million a day and the number of brands advertising through its AdHoc system grew 112 per cent.

Revenue grew 142 per cent to $33.6 million in the year to March 31st but it still recorded an $8.5 million loss marginally down on last year as costs grew 15 per cent to $10.6 million.

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