ValueClick’s revenue falls in Q3

Third quarter revenue for web marketing company ValueClick Inc. fell 12% to $130.2 million from $148.1 million a year earlier. Nonetheless, net earnings increased to $25 million compared to $2 million a year earlier as the company significantly lowered their sales and marketing, administrative and technology expenses.

• Third quarter revenue fell 12% from the same quarter a year ago to $130.16 million from $148.07 million for Q3 of 2008.
• Net earnings increased to $25.03 million compared to $2 million a year earlier.

In the first nine months, ValueClick reports:

• Revenue fell roughly 16% to $395.57 million from $475.72 million
• Net earnings rose 41% to $53.12 million from $37.66 million.

By segment for the third quarter, ValueClick reports:

• Media: revenue of $55.94 million, down 27% from $76.20 million a year earlier; operating income of $11.41 million, down about 40% from $19.27 million a year earlier.
• Comparison shopping and search: revenue of $41.54 million, up 13% from $36.60 million a year earlier; operating income of $11.20 million, up 52% from a year earlier.
• Affiliate marketing: revenue of $26.34 million, down 10% from $29.32 million; operating income of $13.15 million, compared to $13.20 million.
• Technology: revenue of $6.64 million compared to $6.69 million; operating income of $2.82 million compared to $2.81 million.

By segment for the first nine months, ValueClick reports:

• Media: revenue of $178.17 million down 22% from $227.31 million; operating income of $39.63 million down 27% compared to $54.44 million
• Comparison shopping and search: revenue of $117.83 million, down 15% from $139.09 million; operating income of $27.90 million, down 16% from $33.03 million
• Affiliate marketing: revenue of $80.36 million, down 11% from $90.34 million; operating income of $39.83 million, down 8% from $43.38 million
• Technology: revenue of $20.18 million, down 5% from $21.33 million; operating income of $9.09 million, down 10% from $10.09 million.