25 Feb '15, 10pm

Marchex’s Archeo Revenue $14.5M In 2014; Horowitz Steps Down As CEO; Pete Christothoulou Takes Over

Marchex (MCHX) reported its earnings for the 4th Quarter and the full year of 2014, after the market closed today and also announced that Russell Horowitz who has been the CEO of the company for the last 12 years is stepping down as CEO but will remain on the board. Marchex co-founder Pete Christothoulou was named CEO. The company also announced that former Market Leader CEO Ian Morris has joined the board. In 2014 Marchex’s Archeo division had revenue of $14.5 million including domain gains and sales down from $21.2 Million in 2013. It should be noted that in September 2013, upon the launch of its domain marketplace, Marchex commenced recognizing domain sales as revenue. Q4 2014 Financial Highlights GAAP revenue was $33.3 million for the fourth quarter of 2014, compared to $39.7 million for the fourth quarter of 2013. GAAP net income from continuing operations was $571,00...

Full article: http://www.thedomains.com/2015/02/25/marchexs-archeo-reve...

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Marchex CEO steps down

domainnamewire.com 25 Feb '15, 11pm

A new boss at Marchex and Q4 earnings released. Marchex reported earnings today, and also announced that long time CEO Rus...