Bankrate Announces Fourth Quarter & Full Year 2012 Financial Results
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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