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Thursday, Jun 1, 2023

Youbet Reports Mixed Fourth Quarter

Youbet.com Inc. on Tuesday reported both an increase in revenue but a net loss for the fourth quarter of 2006 and the full year. Net revenue for the quarter increased 41 percent to $9.2 million from a year ago. Net loss totaled $5.1 million, or a loss of $0.14 per diluted share, compared to a net income of $1.5 million, or $0.04 a diluted share, in the year-ago quarter. The Woodland Hills company also reported net revenue for the full fiscal year increased from $28 million a year ago to $44.4 million.

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