Craigslist’s Revenues May Reach $100 Million This Year

craigslistlogomilli.jpgCraigslist has been dealing with bad publicity and legal troubles recently stemming from their controversial “erotic services” ads, but it looks like they’re having the last laugh.

Today, global consultancy Advanced Interactive Media Group LLC/Classified Intelligence LLC published a report estimating that the online classified advertising site will “generate $100 million in revenue in 2009,” which is an increase of more than 23 percent from Craigslist’s estimated revenue last year.

Craigslist’s success is all the more remarkable since, as AIM Group points out, the company only “charges… for a tiny percentage of its ads.” AIM Group began estimating annual revenue at Craigslist in 2003 when the company had just $7 million in revenue. Some experts speculate that Craigslist’s dramatic rise in the classified advertising category is a major contributing factor in the demise of print newspapers.

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