Earnings Call Excerpt
Internet Brands Inc. (INET)
Q4 2008 Earnings Call
February 24, 2009 4:30 pm ET
Executives
Andrew Greenebaum – Investor Relations
Bob Brisco – Chief Executive Officer
Scott Friedman – Chief Financial Officer
Analysts
Christa Quarles – Thomas Weisel Partners
Youssef Squali – Jefferies & Co.
Yun Kim – Wedbush Morgan
Presentation
Operator
Welcome to the Internet Brands fourth quarter 2008 earnings conference call. (Operator Instructions). There is a replay of this conference available today. The phone number is 303-590-3030 or 1-800-406-7325 followed by access code of 3970888. This conference is being recorded today, Tuesday, February 24, 2009. I would now like to turn the conference over to Andrew Greenebaum. Please go ahead, sir.
Andrew Greenebaum
Welcome to Internet Brands fourth quarter and fiscal 2008 conference call. By now everyone should have access to the fourth quarter and year end 2008 earnings release, which went out today at 4:00 pm Eastern Time. If you have not received a release, it's available on the Investor Relations portion of Internet Brands website at www.internetbrands.com by clicking on the Investor tab. This call is being webcast and it is available for replay.
Before we begin today, we'd like to remind everyone that the prepared remarks contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance therefore undue reliance should not be placed on them. We refer all of you to the risk factors contained in Internet Brands latest Form 10-K for the year ended December 31, 2007 filed with the Securities and Exchange Commission for a more detailed discussion of the factors which could cause actual results to differ materially, as well as third quarter results filed on Form 10-Q.
And with that, I’ll turn the call over to Bob Brisco, Chief Executive Officer.
Bob Brisco
Internet Brands had a strong fourth quarter setting records for revenue EBITDA and operating income. The quarter was a nice ending to our first year as a public company. As you know, the economic environment was far more challenging that any of us imagined. Despite that, we met our 2008 guidance from a year ago without any revision.
We grew adjusted EBITDA by 26%. We grew our website traffic, as measured by unique visitors, by 68%. So this suggests two rather obvious questions, one, do you mostly expect this to continue? And two, what is it that you are doing to have your performance hold up in spite of the economy? The answers are yes we do, and let me explain. There are four factors that help us.
- To read the full transcript on Seeking Alpha, click here »
