ValueClick’s Profits Show Jump in 2nd Quarter

ValueClick Inc. in Westlake Village announced strong financial and operating results for the second quarter.

ValueClick reported revenue for the quarter that ended June 30 of $11.3 million, an increase of 290% from $2.9 million in revenue for the corresponding period in 1999. The company reported net income for the quarter of $1.9 million, or 6 cents per diluted share, compared with a net loss of $269,000, or 3 cents per diluted share for the same period in 1999.

On May 31, ValueClick’s majority-owned subsidiary, ValueClick Japan, successfully completed the initial public offering of approximately $28 million worth of its shares on the “Mothers Market” for high-growth companies of the Tokyo Stock Exchange. The company’s 53.7% ownership interest in ValueClick Japan is worth approximately $227 million.

The ValueClick network grew to about 14,300 Web sites in the second quarter, up from 12,400 sites in the first quarter.

“ValueClick has achieved solid results during its first 90 days as a public company,” said Jim Zarley, chairman and chief executive.

During the quarter, ValueClick opened offices in New York and San Francisco, and relocated its corporate headquarters to Westlake Village. It also launched operations in Germany, France and Brazil.

ValueClick operates based on a “cost-per-click-through” pricing model, under which advertisers pay only for click-throughs to their Web sites.