ValueClick (VCLK) blows out numbers (Q4 '04 earnings)

| About: Conversant, Inc. (CNVR)

ValueClick (ticker: VCLK) blew out Q4 earnings numbers. Details:


Q4 Results
(all percentages changes and comparisons are year on year, unless stated otherwise)

  • EPS was $0.16. Consensus was $0.10.
  • Revenue was $54.4 million, up 80%. Consensus was $47.3 million.
  • Organic revenue growth was 49%.
  • Revenue upside came from Affiliate Marketing and Media.
  • Gross margin was 72%, up from 67%.
  • Operating margins were 27%.
  • EBITDA margin was 32%.
  • Pre-tax income was $15.9 million, up from $5.3 million.
  • Cash at end-quarter was $243 million.
  • Media Segment: revs up 71% (organic) to $32.9 million, gross margin of 59% up from 51% due to greater mix from Hi-Speed Media in the US and PriceRunner in Europe. Particular strength in banner business.
  • Affiliate Marketing Segment: revs up 83% (34% organic) to $17.8 million (full quarter of Commission Junction vs. only one month in Q4 '03), gross margin 88% vs. 81%.
  • Technology Segment: revs $5.6 million vs. $6.1 million, gross margin 76% vs. 80%.

Q1 Guidance

  • EPS of $0.08 versus consensus of $0.08.
  • Revenue of $48-49 million, up 32%, versus consensus of $47.9 million.

Full Year 2005 Guidance

  • EPS of $0.37-0.39 versus prior guidance of $0.34-0.36 and consensus of $0.37.
  • Revenue of $215-220 versus prior guidance of $210 million and consensus of $213.1 million.
  • EBITDA of $54-56 million versus prior guidance of $52.5 million.

Full press release here. VCLK chart below.
Vclk

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Tagged: , Advertising Agencies, Earnings
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