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DoubleClick Reports Heavy Losses but Breaks Even in Operating Results

News, 12 January 2001

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