Despite widening losses for 2000, online ad firm DoubleClick managed to announce Q4 operating results which broke even, beating Wall Street’s expectations.
The company saw a net loss of $104.8 million (85 cents per share) in the fourth quarter, down from $42.1m (38 cents) in the same period last year. However, operating income stood at $216,000, breaking even on a per-share basis.
Between Q4 1999 and 2000, sales jumped 41% to $132.3m, largely driven by the success of the company’s TechSolutions technology arm.
This gives DoubleClick yearly results of $156m net loss ($1.29 per share) and $505.6m in sales, as compared to $55.8m and $258.3m respectively in 1999.
DoubleClick expects the downturn in online advertising to affect its business for 2001. Projected revenue growth for the coming year is 6%–12%, while revenue from its media business is expected to fall 25%–30%.
News source: Wall Street Journal