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ValueClick Q1 revenues increase 40% to $51.4 million
First quarter revenue at ValueClick totaled $51.4 million, up 40% from $36.7 million in 2004’s first quarter. The results included a full quarter of operations with Pricerunner, which the company acquired in August.
First quarter revenue at ValueClick Inc., an online marketing agency that owns Commission Junction and provides search engine marketing and other advertising services, totaled $51.4 million, up 40% from $36.7 million in 2004’s first quarter. The results included a full quarter of operations with Pricerunner, which the company acquired in August.
Net income in the quarter dropped 35% to $8.7 million from $13.4 million in the year-earlier period. The decrease was due to a first-quarter 2004 non-recurring gain of $8 million on the sale of the company’s equity interest in ValueClick Japan, the company said.
“Our multiple online marketing channel strategy helped drive 40% pro-forma organic growth and a doubling of operating income year-over-year in the first quarter,” said James Zarley, chairman and CEO. “Our first quarter performance sets the stage for another successful year.”
For the second quarter, ValueClick said it expects revenue of $52 million to $53 million, which would be about a 52% increase from 2004’s second quarter.