Marchex, the Seattle call advertising company, beat Wall Street expectations for the quarter ended March 31. The company posted net income of $513,000 on revenue of $29.1 million. That compared to a net loss of $111,000 on revenue of $24 million for the same period last year.
“We believe call advertising represents one of the primary growth opportunities in digital advertising,” said Russell Horowitz, Marchex Chairman and CEO. “We believe that continuing to invest in this opportunity — specifically in our customers, products and people — will drive our long-term success in defining this market.”
The company added more than 10,000 new advertisers for its call advertising products during the quarter, bringing its total advertising count to 105,000. The company says that call advertising will represent 75 percent of its revenues this year.
It anticipates revenue of $137 million to $141 million for the year.