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iVillage tops estimates
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January 27, 2000: 8:56 a.m. ET
Women's Internet network reports surge in revenue, membership
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NEW YORK (CNNfn) - iVillage, the Internet portal aimed at women, posted fourth-quarter results Thursday that beat Wall Street estimates and reported a leap in membership.
iVillage (IVIL) turned in fourth-quarter net loss of $29.9 million, or $1.04 a share, compared with a loss of $11.2 million, or $5.31 per share, a year earlier. Analysts polled by First Call had expected the women's portal to turn in a loss of $1.24 a share.
Net revenue for the quarter rose 227 percent to $19.3 million from $5.9 million.
Membership grew 344 percent to roughly 4.2 million in the fourth quarter, up from 947,000 a year earlier.
The company said its 80 percent sequential increase in revenue and 153 percent improvement in gross profit helped lower its cash-flow loss over the third quarter.
For the year, the company's loss widened to $93 million, or $5.58 a share, from $15 million, or $21.11 a share, the previous year.
Net revenues for the year rose to $44.6 million from $15 million.
"We are extremely well positioned as we move into the year 2000, with over $100 million in cash and a sold sponsorship pipeline greater than total ad sales for all of 1999," iVillage CEO Candice Carpenter said. "We expect to be EBITDA positive by the middle of 2001, earlier than previously anticipated."
On Wednesday, iVillage closed up 3-1/8, or 20 percent, at 18-11/16. 
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iVillage
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