TradeDoubler announces 30% Q1 revenue increase

TradeDoubler today announces an increase in Q1 revenues of 30% to SEK 521.1 million (Ä56.7m) compared to SEK 400.5 (Ä43.6m) for the first quarter of 2006. Gross profit for the period was also up by 30% to SEK 139.6 million (Ä15.2m). TradeDoubler attributes this growth to the continued recruitment of high quality advertisers and publishers throughout the first quarter as well as an increase in the number of transactions across its European networks. Newly appointed CEO, William Cooper comments We are delighted with the results for the first quarter of 2007. All geographic markets have shown an increase in revenues compared to the corresponding period of last year as the industry has continued to evolve with advertisers allocating larger portions of their advertising budgets online.