TORONTO and PLAINVIEW, NY – Web TV company JumpTV saw a 95% increase in year over year revenue for their third quarter, but still reported a net loss, the company announced this week.
Revenue was $3.9 million US for the quarter compared to $2 million in the same period in 2007, however, the net loss for the three months ended September 30, 2008 was $11.9 million, including a $4.7 million non-cash impairment charge, the press release said.
JumpTV last month announced a merger with NeuLion Inc., another player in the IPTV industry. The combined company intends to unite behind the NeuLion name, while retaining the JumpTV and JumpTV Sports brands.
"We are very pleased with the union of NeuLion and JumpTV. Our combined capabilities enable us to provide the best technology and quality of service to our partners," said Nancy Li, CEO. "Together we will continue to evolve the Internet TV experience to a whole new level. We have already begun integrating our businesses and can see that the opportunities for our combined company are bountiful."
