TechTarget continues to show its older-established rivals how to do it in online B2B publishing:
Online revenues increase to record $16.3 million; up 27 percent over prior year quarter
TechTarget, Inc. (NASDAQ: TTGT – News) today announced financial results for the second quarter ended June 30, 2007. Total revenues for the second quarter increased by 19% to $24.6 million over the $20.7 million for the comparable prior year quarter.
Online revenues increased by 27% to $16.3 million over the comparable prior year quarter, and represented 66% of total revenues.
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization, as adjusted for stock based compensation) increased by 31% to $7.6 million compared to $5.8 million for the comparable prior year quarter.
“Q2 was a productive quarter for TechTarget. We completed our IPO and delivered record revenues and profits,” said Greg Strakosch, Chairman and CEO of TechTarget. “Our online revenue growth was especially strong and we continue to improve our operating margins,” Mr. Strakosch added.