DoubleClick Losses Narrow

12 April 2002

Online ad firm DoubleClick has posted a net loss of $6 million (€6.8m; £4.2m) for the first quarter of this year, an improvement on the $60.4m shortfall in Q1 2001.

Revenues slid from $114.9m last year to $83.7m, but DoubleClick benefited from a 37% reduction in operating costs to $52.8m. It also offloaded its European ad sales unit during the three-month period.

On a pro forma basis, the group earned $1.4m, up from the $10.5m it lost a year before.

Data sourced from: Financial Times; additional content by WARC staff