Video search engine blinkx posted a net loss of $3.2 million for the six months to end-March on revenues of $3.6 million, but said it is ahead of plan in its move towards profitability.

blinkx said content hours have more than tripled since its IPO in May 2007 to 26 million from 7 million, and added that it achieved daily video search run rate of over 5 million per day in March 2008. Shares in the site have recently surged 50 per cent following rumours of a possible buyout bid from Google or News Corp.

Other posts by :

1. Inmarsat “likely to win appeal” over Ligado/AST action
2. FCC seeks fair play over foreign satellite access
3. Bank raises RocketLab target price
4. Paramount throws kitchen sink
5. Ukraine wants its own LEO system
6. SpaceX outlines Starlink cellular delivery plan
7. NAB vs CTIA on C-band release
8. Laser terminals to operate at 100x faster
9. Starlink success in Spain, but South Africa proves difficult

Categories: Articles, Business, OTT, OTT, Results