Tuesday, July 27, 2010
ReachLocal Sees Growth In Q2
Woodland Hills-based ReachLocal, the publicly held provider of online marketing for small and medium sized businesses, released its first quarterly results since its May IPO, saying that its Q2 revenues rose to $70.4M. According to the firm, it lost $2.3M on those revenues, compared with a loss of $1.0M on revenues of $47.97M in Q2 of last year. The revenue numbers represented a growth of 47 percent for the firm, year to year. ReachLocal also said it had boosted both the number of active advertiser, as well as active campaigns being run by the firm, going from 13,200 advertisers in Q2 of last year to 16,700 this year, and going from 16,100 active campaigns to 21,400 active campaigns. ReachLocal went public on May 20th. As part of the earnings release, ReachLocal said it expects over 40 percent revenue growth in calendar year 2010.