Marchex, a technology driven search and media company focused on vertical and local online traffic, has announced $32.6 million revenue for the fourth quarter of 2006.


Marchex, a technology driven search and media company focused on vertical and local online traffic, has announced $32.6 million revenue for the fourth quarter of 2006.

Marchex Q4 2006 Financial Results

– Total revenue: $32.6 million (a 9% increase over Q4 2005)

– GAAP net income applicable to common stockholders: $5.0 million

– GAAP diluted EPS: $(0.01) per share

– Adjusted operating income before amortization: $8.3 million

– Adjusted EBITDA: $10.0 million.

Marchex Full Year 2006 Results

– Total revenue: $127.8 million (a 35% increase over 2005)

– GAAP net income applicable to common stockholders: $2.8 million

– GAAP diluted EPS for 2006: $(0.04) per share

– Adjusted operating income before amortization: $33.4 million

– Adjusted EBITDA: $39.5 million.

Russell C. Horowitz, Chairman and CEO, Marchex, said: “The fourth quarter was highlighted by certain successes and challenges. In terms of successes, we saw growth in our proprietary user base and also saw strong growth in revenue attributable to proprietary traffic.

Given that our third party monetization provider for our proprietary traffic was in the midst of preparing for the launch of a new monetization system, we feel particularly good about this revenue growth. We feel we are well positioned for 2007 in terms of revenue growth and product advancements in this part of our business”. [source]

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Marchex Press Release

About Marchex

Marchex is a technology driven search and media company focused on vertical and local online traffic. Specifically, the company is focused on search marketing, local search, and direct navigation.