Tuesday, November 1, 2011
ReachLocal Sees International Growth
Woodland Hills-based ReachLocal, which helps small and medium sized businesses place online advertising, released its results Tuesday afternoon, reporting a net loss of $4.6M on revenues of $98.6M. The firm saw an overall, 28 percent growth in its revenues from year to year, with particular growth in international markets. ReachLocal saw its international revenues grow 76%, from $13.4M in Q3 of 2010, to $23.56M in Q3 of this year. Domestically, direct local revenues were up 34%. ReachLocal has been building out a network of local, international offices; local offices and representatives have been a key to the firm's strategy to growing its business.