Dice Posts Strong Q3; Boosts Outlook for the Year

Dice Q3 2014Dice Holdings, publisher of multiple niche career sites including its flagship tech site Dice.com, earned 18 cents per share on third quarter revenue of $67.6 million, besting Wall Street’s expectations on all fronts.

Issuing its quarterly financial report this morning, Dice said it grew revenue 29 percent over the same quarter last year and predicted it would end 2014 with total revenue in the range of $262.5-$263 million. That’s above Wall Street’s consensus estimate of $258.97 million, and above even the highest forecast of $262.10 million.

Investors rewarded the company’s performance by bidding up its stock price from Wednesday’s $8.61 close to $9.16 in early afternoon trading.

Most of the increase came from acquisitions the company’s made over the past year. From its initial focus on the tech sector, Dice has expanded into finance, energy, healthcare, and hospitality.

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OilCareers, acquired in March 2014, contributed $2.0 million. HEALTHeCAREERS and BioSpace,  acquired a year ago, contributed $6.6 million. The hospitality careers site, Hcareers, accounted for $3.7 million.

LinkedIn is scheduled to report its third quarter results this afternoon. Monster will release its third quarter numbers November 4. CareerBuilder, privately held by media partners, has not yet released any numbers. The company typically releases only its revenue from North American operations. Last week, CareerBuilder’s majority owner Gannett Co. said the careers publisher grew revenue by 7 percent.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

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