Ticketmaster Inc. reported a second-quarter profit Tuesday, helped by improvements in its ticketing operations and online personals service.
The net profit of $14.7 million compared with a net loss of $29.5 million for the same quarter a year ago. Second-quarter revenues were also up substantially, 13.7 percent to $212.5 million.
Though the results represented a substantial improvement, it was still well below analyst expectations, according to a poll by Thomson First Call. Nonetheless, the company said it expects to hit annual revenue, net income and earnings per share targets it set at the start of the year.
“Despite difficult economic conditions, we delivered strong results across the company,” said Chief Exec John Pleasants.