RealTime IT News

IAR Bits and Bytes for October 22, 2003

AQuantive Counts Its Cash

Digital marketing technology provider aQuantive, Inc beat its guidance to the street, reporting third-quarter revenue of $58.6 million, a 70 percent increase from the same period last year. Gross profit of $15.0 million was up 48 percent from a year ago, and this was the ninth consecutive quarter of improved performance, with net income coming in at $3.4 million.

Seattle, Wash.-based aQuantive, which owns interactive agencies Avenue A and i-FRONTIER, and also ad technology provider Atlas DMT, predicted that the fourth quarter would bring in revenue of $60 to $65 million, with this year's full results totting up to a gross profit of $59 to $61 million on revenues of $218 to $223 million.

FindWhat.com Sets Revenue Record

Paid search provider FindWhat.com reported Monday that its third-quarter revenue increased 62 percent over the same quarter last year and was more than $300,000 ahead of its projections. Revenue has grown sequentially for 16 quarters. In light of this growth, the Fort Meyers, Fla.-based FindWhat.com increased its guidance for the remainder of the year.

The company currently offers two performance-based services: the FindWhat.com Network, a keyword-targeted advertisement service that distributes ads based on a bid-for-position, pay-per-click pricing model; and a private label service for portals and search engines.

Chairman and CEO Craig Pisaris-Henderson said that while the core business was growing, the company's new initiatives would diversify and strengthen the company. FindWhat.com is in the process of acquiring Miva Corp., a supplier of e-commerce software and services. It also signed an agreement to launch a keyword targeted paid listings service in Japan with Mitsui & Co.

In June, FindWhat.com and Espotting Media, the European pay-per-click service, agreed to