New York, NY, May 08, 2008. Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended March 31, 2008.

Highlights for the first quarter of 2008 include:

Revenues for the first quarter of 2008 were $34.5 million compared to revenues of $34.8 million for the same period last year.
Loss per diluted share was $0.03 and included non-cash stock-based compensation expense and one-time expenses for accounting and other professional fees related to the non-cash impairment charge and restatement in the fourth quarter of 2007, which totaled $0.02 per diluted share. Excluding these non-cash and one-time charges, loss per diluted share was $0.01 and EBITDA was $6.1 million for the first quarter of 2008.
Deferred revenues increased from $15.6 million at December 31, 2007 to $16.6 million at March 31, 2008 due primarily to the increase in bookings for our JupiterimagesUnlimited high level subscription offering.
"Revenues from our JupiterimagesUnlimited high level royalty-free subscription offering grew over 100% from the first quarter of 2007 to the first quarter of 2008. We are also starting to see significant growth from our recently launched Stockxpert.com microstock subscription offering. Our backlog for both JupiterimagesUnlimited and our microstock subscription offering continues to increase which bodes well for future revenues," stated Jupitermedia's Chairman and CEO Alan M. Meckler. "We have also made additional investments in our Online Media business, with the launch of an array of online education offerings and new editorial Web sites."