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Marchex placed a significant bet two years ago that the phone call wasn’t dead. Now, the Seattle online advertising company is experiencing growth in that business, reporting today that revenues increased to $39.9 million during the third quarter, up from $24.2 million for the same period last year.

Net income was $1.2 million, which compared to a net loss of $547,000.

“We made the early bet that the emergence of mobile and other call media sources, combined with deep call analytics, would transform how both large and small advertisers bought and measured phone calls as a lead source,” said Marchex CEO Russ Horowitz in a statement.  “In the third quarter, we continued to execute on the product and customer initiatives that are helping to drive transformative performance for our call advertisers and publishers.”

The company expects revenue of $148 million to $149 million for its fiscal year.

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