25. July 2012–
Something old, something new - it's all good news in today's daily digest, with Returbo and GoodData raising funds to put old cameras and company data to good use, and AOL and Netflix reporting strong Q2 results (though AOL's revenue is still down on last year's).
Returbo raises a million plus from BDMI
Berlin-based e-commerce site Returbo, which specialises in returned goods and overstocks, just raised a seven-figure sum from Bertelsmann Digital Media Investments (BDMI) - the investment arm of Bertelsmann AG. Returbo started up in November 2010 with backing from Found Fair Ventures.
Read more on Gründerszene (article in German).
Czech-founded GoodData brings in $25M to supply big data analytics
Big data, yada yada - it might not be as exciting as the next B2C gadget but analysing the stuff is becoming a huge, lucrative industry. For example - Czech-founded, San Fran-based GoodData just racked up $25 million in a third round of funding, led by Tenaya Capital.
Read more on our editorial partner in the Valley, VentureBeat.
Netflix is taking its $6 million to Europe
Netflix executives said Tuesday that the $6 million in profit it just posted — which followed a $5 million loss in Q1 — should give way to another loss in Q4 as it prepares to expand in Western Europe beyond the U.K. and Ireland.
Read more on PaidContent.
AOL Q2: Revenues Down To $531m
AOL's Q2 results are out and they're still dropping, with revenues of $531 million down two percent on the same period last year. Diluted earnings per share were $10.17, while net income was $970.8 million, compared to a net loss of $11.8 million in the same quarter last year.
Read more on TechCrunch (owned by AOL).