ValueClick has announced a 26% year-on-year increase in its revenue to $160.9 million. The global advertising firm’s EBITDA was at $51.2 million, which was up 35% from the third quarter of last year.
ValueClick didn’t quite hit management’s guided range for revenue of $164-$169 million or the Zacks Consensus Estimate of $166 million. However that disappointment was laid to rest with news that cash stood at $120.2 million compared to $88.2.million the previous quarter.
Media & affiliate driving revenue
Revenue was driven by a strong-performing Media and Affiliate divisions, which was said to have offset weakness in the Owned & Operated segment. Media was up 52.3% year-on year to 96.1 million, whereas Affiliate Marketing revenue increased 7.4% to $34.9 million.
Chief Executive Officer at ValueClick, James R Zarley, was pleased with his company’s performance. "We delivered another strong quarter of financial results, while further integrating our core businesses to enhance the long-term growth profile of the Company," he said.
ValueClick has forecasted more good news in the fourth quarter. Affiliate marketing revenue will grow in high single digits and media is expected to rise in the low 20s range. Owned and operated websites may offset revenue with a mid-single digit decrease expected.