Revenue and Losses Widen at 24/7 Real Media
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by Chief Marketer Staff
Internet ad company 24/7 Real Media reported wider Q1 losses on a 48% increase in sales over the same quarter in 2005.
The company posted a loss of $7.5 million, due primarily to expensing $9 million in stock options.
Revenue in the media solutions division climbed 28% to 18.2 million, while search solution revenue—mostly from the company’s Decide DNA bid management platform– grew 85% over the same period last year to $17.8 million. Revenue from technology solutions climbed 32% year-over-year to $6.9 million during the quarter.
The company cited strong growth in international markets including the U.K., France, Germany, Korea and Japan. Non.-U.S. operations contributed 58% of the company’s revenue in first-quarter 2006.
