TradeDoubler Announces 77% Q3 revenue increase aided by a move into Search
26 October 2007
TradeDoubler has today announced a 77% increase in Q3 revenues. Third quarter revenues rose to 757.4 million SEK (€82m), compared to 426.9 million SEK (€46.4m) over the same period in 2006. Gross profit from July to September increased by 39% to 166.2 million SEK (€18m).
TradeDoubler's acquisition, in July this year, of The Search Works and The Technology works contributed to the growth, as did the continued recruitment of high quality advertisers and publishers across TradeDoubler's European operations.
CEO, William Cooper comments, "TradeDoubler has further strengthened its market position through the acquisition of The Search Works and The Technology Works and it is encouraging to see this contributing towards TradeDoubler's overall success. All TradeDoubler's geographic markets have continued to grow over Q3".
