Online marketing firm ValueClick generated $117.3 million in revenue, more than double the $51.4 million it reported in first-quarter 2005. The company’s net income rose from $8.7 million to $9.8 million during the same period. The quarter ended March 31.
The company’s revenue growth reflects continued growth in online ad spending, said CEO James Zarley in a statement.
Based on its first-quarter results, the company boosted its 2006 guidance ranges. The previous estimate had been between $490-$500 million. It currently stands at $495-$505 million. Its adjusted EBITDA, which had been between $125 million-$130 million, is now between $128-$131 million.
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