Privately held cost-per-click ad network ValueClick said it posted an increase in net revenues for the third quarter of 143.6% over net revenues in the second quarter of 1998.
Specifics were not disclosed, but the company said revenue growth has averaged 85 % percent per quarter since its launch in July 1997. No word on profitability.
“We believe the results this quarter demonstrate continued demand for performance-based solutions among Internet advertisers and Web publishers,” said Brian Coryat, founder and CEO of ValueClick. “With consecutive quarters of steady growth behind us, our cost-per-click model cannot be considered an experiment – this is a clear signal from the industry that CPC and ValueClick are here to stay.”
The company said network members grew in the third quarter from 6,000 to 8,000 and that clickthroughs grew from 138,431,641 to 278,437,838.
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