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Bankrate Announces Fourth Quarter & Full Year 2012 Financial Results

Stocks in this article: RATE

Bankrate, Inc. (NYSE: RATE):

($ in millions, except per share amounts)
                Q4-12 Q4-11 FY-12 FY-11
Revenue $ 93.2 $ 113.8 $ 457.2 $ 424.2
Net Income
GAAP 0.3 14.0 29.3 (13.4 )
Adjusted 5.8 19.1 56.0 62.1
Diluted Earnings per Share (EPS)
GAAP $ 0.00 $ 0.14 $ 0.29 ($0.14 )
Adjusted $ 0.06 $ 0.19 $ 0.56 $ 0.61
Adjusted EBITDA 17.9 38.5 123.1 135.4

Bankrate, Inc. (NYSE: RATE) today reported financial results for the fourth quarter and full fiscal year ended December 31, 2012. Total revenue for the fourth quarter was $93.2 million compared to $113.8 million in the fourth quarter of 2011, a decrease of 18%. Revenue for the full year ended December 31, 2012 was $457.2 million compared to $424.2 million in 2011, representing a $33.0 million or 8% increase.

Net income for the quarter was $0.3 million or approximately zero cents per fully diluted share, compared to net income of $14.0 million, or $0.14 per fully diluted share in the fourth quarter of 2011. For the full year 2012, net income was $29.3 million or $0.29 per fully diluted share, compared to a net loss of $13.4 million, or $0.14 per fully diluted share in 2011.

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