24/7 Real Media Sees Strong Q3

24/7 Real Media reported its Q3 results today. Revenue was up, which was attributed to signing more customers to its SEM managed services offering. The company still reported a loss, since that same offering is not a high-margin business, and because margins across the industry were shrinking due to increased competition, according to the company.

Some highlights:
* GAAP net loss of $0.8 million, or $0.02 per share, compared with net loss of $1.7 million, or $0.04 per share, for the third quarter of 2004.
* Revenue up 69 percent year to year to $35.1 million for the quarter, including
* Media revenue up 29 percent to $15.5 million
* Search revenue up 234 percent to $13.7 million
* Technology revenue up 26 percent to $5.8 million

The company also touted its recent joint venture in Japan with Dentsu -- KK 24-7 Search. That business, which 24/7 owns a 51 percent share in, will use 24/7 Real Media's SEM technology and Dentsu's local presence and existing client base to gain a foothold in the growing Japanes SEM market.

About the author

Kevin Newcomb joined ClickZ in August 2004, covering search marketing and other online marketing topics. He has been reporting on web-based businesses since 2000.

Before the bubble burst, Kevin was a marketing manager for an online computer reseller, handling copywriting, e-mail marketing, search marketing and running the affiliate program.

With a combination of real-world marketing experience and years of business journalism, Kevin brings to ClickZ a unique ability to deliver news and training materials that help online marketers do their jobs better.