ValueClick Revenue, Income Up in First Quarter
ValueClick’s recorded net income of $19.2 million during first quarter 2008, up from $18.6 million a year earlier. The online marketing services firm’s revenue rose from $156.9 million to $176 million during the same period. The quarter ended March 31.
The quarter just ended included three full months of operations from MexiMedia, which ValueClick acquired in July 2007.
During the quarter, ValueClick repurchased 2.3 million shares of its common stock for $39.3 million, bringing the total number of shares it has repurchased during the year-to-date to roughly 3.2 million. The company has authorized a $100 million increase to it stock repurchase program.
ValueClick offers a variety of services to online marketers, including affiliate and search marketing, display advertising, lead generation, ad serving and comparison shopping functions. Its branded properties include Commission Junction, ValueClick Media, MediaPlex, Smarter.com, CouponMountain.com and PriceRunner.
