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BizReport : Research archives : February 22, 2007

ValueClick profits up 38% in Q4

Online advertising network ValueClick showed impressive growth in Q4, 2006, boosting profits by 38% year-over-year. Company execs credit part of that growth to the integration of FastClick, one of the company's 2005 acquisitions.

by Kristina Knight

ValueClick's Q4 revenue grew to $160.4 million, up from $116.6 million in Q4, 2005. Net income came in at $22.1 million, up from $14.2 million in 2005. Overall revenue increased by 79% to $545.6 million.

The company hopes to continue seeing growth throughout the new year. James Zarley, chairman and chief executive officer of ValueClick, "The leadership positions we have built in performance-based marketing solutions and value-added online networks give us confidence to anticipate continued strong growth and healthy margins in 2007."

For Q1 2007, ValueClick predicts revenue of $149 million. For the year as a whole, the company predicts revenue of $645 million with earnings increasing per share to about 80 cents.

Those numbers could see even larger growth, if expectations for online advertising as a whole come to fruition. Online advertising is expected to see 18% growth, with television and radio advertising actually showing a decline in revenue. Online advertisers studied said, they plan to increase their online efforts by at least 35% in 2007.

Tags: advertising spending, online advertising, ValueClick

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