Beating its own guidance, online ad network ValueClick on Wednesday reported fourth-quarter revenues of $160.4 million, up from $116.6 million in the year-ago period. Net income was $22.1 million, or
22 cents a share--up from $14.2 million, or 14 cents a share, in the year-ago period.
The company attributed its strong performance to the integration of its 2005 acquisitions,
including FastClick.
For its fiscal year ended Dec. 31, 2006, the company reported $545.6 million in revenue--up 79% from $304 million in the year-ago period. Net income was $63.1 million, or 62
cents a share, for the 2006 fiscal year--up from $40.6 million, or 45 cents a share, in the year-ago period.
For 2007, ValueClick said it is expecting revenue of $645 million to $665 million, and
earnings per share of 78 to 80 cents, while it expects $148 million to $149 million in revenue in the first quarter and earnings per share of 17 cents.
"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," James Zarley, chairman and chief executive
officer of ValueClick, said in a statement.