The company's loss of 50 cents a share compared with a profit of US$29.3 million, or 35 cents a share, a year earlier. Profit before amortization of goodwill and gains from equity investments was US$6.2 million, or 7 cents a share. That was more than the 3-cents-a-share average estimate of analysts polled by First Call/Thomson Financial.
CNET, publisher of News.com, boosted profit, before gains and amortization, by selling more ads on its Web sites. In the year-earlier quarter, the San Francisco-based company reported a loss of 32 cents a share before amortization and investment charges and gains.
Revenue in the latest quarter more than doubled to US$56.4 million from US$28.4 million in the year-ago quarter.
CNET completed the acquisition of rival Ziff-Davis last week for about US$925 million in stock.
Shares of CNET on Tuesday rose US$3.69, or 17 percent, to US$25.69 on the Nasdaq. The company released its earnings after the close of regular U.S. trading.
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