ValueClick has record year in 2004

ValueClick Inc. posted record results for the fourth quarter and fiscal year, exceeding its own projections. For the quarter, the company reported net income of $13.5 million, up from $5.3 million in the year-ago quarter, on revenue that rose 80% to $54.4 million from a year ago.

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For the year, ValueClick reported net income of $47.2 million, up from $10.6 million last year, on revenue of $169.2 million that rose 83%. Results for 2004 include a full year of operations from performance marketing company Commission Junction and Hi-Speed Media, both acquired in December 2003, as well as five months of operations from Pricerunner.com.

Based on fourth-quarter and year-end results, ValueClick raised its previous revenue estimate for 2005 to $220 million from $215 million. "ValueClick concluded a successful 2004 on a high note, with record revenue and profitability, and year-over-year organic revenue growth of 49% in the fourth quarter," said James Zarley, CEO. "Our increased guidance illustrates our optimistic view of 2005, and we remain focused on expanding the product breadth and geographic footprint of our online marketing offerings to drive growth and profitability in 2005 and beyond."

ValueClick’s three business units include ValueClick Media, which provides an online ad distribution platform and various online advertising programs; affiliate marketing services provider Commission Junction; and Mediaplex, which provides technology and services for the management of online advertising and permission-based email campaigns.