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Motricity Sees Gains In 2008; Hits Revenue Target Of $100 Million

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imageMobile content infrastructure provider Motricity hasn’t had the easiest year. In 2008, it acquired InfoSpace (NSDQ: INSP) Mobile, and moved its operations cross country from North Carolina to InfoSpace’s Bellevue, Wash. headquarters. Soon after, Steve Elfman, one of InfoSpace’s top executives, quit to join Sprint (NYSE: S) Nextel and Motricity sued. But still, the privately held company said today it was able to meet its 2008 goal of reaching more than $100 million in revenues. The company also reported a number of statistics, which hinted at the company’s marketshare and provided some evidence that people are accessing more information and entertainment on their phones than ever before. Motricity CEO Ryan Wuerch declined to comment on the lawsuit, other than to say it continues, and declined to provide forecasts for 2009, but did fill in some of the blanks from the last year. Release.

SEE ALSO: Interview: Ryan Wuerch, CEO, Motricity: IPO Still An Opportunity; ‘M&A Will Be A Part Of Our Core’

Revenues and profitability: Wuerch: “We said $100 million was the target. We aren’t producing any external forecasts this year, but what I will say is that we are expecting and forecasting strong growth in revenues and profitability.” Wuerch didn’t say if Motricity was profitable in 2008, but added: “We are very pleased on how we ended 2008. Motricity is in a stronger position than it has ever been…Until we are required to, as a reporting entity, we’ll stay coy.”

U.S. 2008 performance: Motricity provides on-deck and portal services to operators, where consumers can find and search for news and information. With the assistance of comScore (NSDQ: SCOR), Motricity said it delivered 11.5 billion page views across all of its deployments, a 32 percent increase over 2007, and that it’s mCore Platform reached 74 percent of all mobile subscribers that browsed any news or information on their phone. The company said its infrastructure also processed $2.1 billion in gross content sales since inception in 2005, which grew 37 percent over the last year. As a reminder, operators using Motricity technology includes: Verizon Wireless (NYSE: VZ), AT&T (NYSE: T), Alltel (NYSE: AT), T-Mobile, Cricket, U.S. Cellular and Cellular South.

Feb 4, 2009 9:00 AM ET

Posted In: Entertainment, Companies, InfoSpace, motricity

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