Web hosting provider Web.com announced on Tuesday the results for its third quarter, ended September 30.

According to the financial report, Web.com saw a total revenue of $12.3 million, up from $12.1 million in the second quarter of 2006.

The net income for the quarter was negative $0.6 million, or $0.04 per share, versus a negative $5.7 million, or $0.35 per share, seen at the end of the second quarter. The third quarter net income also included a tax gain of approximately $500,000.

“Web.com accomplished another quarter of organic subscriber growth and continued to focus on our core Web services business, new revenue streams and the path towards profitability,” says Jeff Stibel, president and CEO of Web.com. “This quarter’s strong growth helped contribute to the company’s 11 percent subscriber growth rate year to date. Looking ahead, we expect revenue and organic subscriber growth to continue in the fourth quarter.”