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April 25, 2012 07:26 pm GMT
Automattic, the software company best known for running the for-profit fork of the WordPress blog publishing system, is perhaps the best proof out there that blogging can be a real business. Automattic is profitable and is on track to make $45 million in revenue this year, according to an interview published today by AllThingsD. WordPress -- both through its open source software and the WordPress.com platform -- now powers 70 million sites.That represents serious growth, even from a near-term perspective. Some 16 months ago in December 2010, Mullenweg told our own Alexia Tsotsis that Automattic's revenue was around $10 million. At that time, WordPress was powering 30 million publishers.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pDDnmLP9xdA/
WordPress.com Parent Company Automattic On Track To Make $45M In Revenue This Year
Automattic, the software company best known for running the for-profit fork of the WordPress blog publishing system, is perhaps the best proof out there that blogging can be a real business. Automattic is profitable and is on track to make $45 million in revenue this year, according to an interview published today by AllThingsD. WordPress -- both through its open source software and the WordPress.com platform -- now powers 70 million sites.That represents serious growth, even from a near-term perspective. Some 16 months ago in December 2010, Mullenweg told our own Alexia Tsotsis that Automattic's revenue was around $10 million. At that time, WordPress was powering 30 million publishers.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pDDnmLP9xdA/
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