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Tuesday, Dec 6, 2022
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United Online Posts $13 Million Net Profit for Q1

Internet and media services provider United Online Inc. had little growth in its net income for the first quarter when compared to the previous year. For the first quarter, Woodland Hills-based United Online reported a net income of $13 million, or $0.19 per diluted share, on revenues of $121.8 million. That is just about the same result from a year ago, when the company had a net income of $13.02 million, or $0.20 per diluted share, on revenues of $129.9 million. The company had a net growth of 322,000 pay accounts in its Classmates Media segment that shows a favorable reception to enhancements at the website, the company said. On April 30, United Online announced it was acquiring florist firm FTD Group Inc. in a deal worth $800 million.

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