ValueClick provides updated expectations for second quarter results

Expects Q2 Results to be at High-End of Revenue and Adjusted-EBITDA

Guidance Ranges
Provides Stock Repurchase Plan and Credit

Facility Updates


ValueClick, Inc. (Nasdaq: VCLK) today announced updated expectations for

financial results for the second quarter ended June 30, 2012, an update

on its stock repurchase program, and a $50 million increase to its

credit facility.

Second Quarter 2012 Results Expected to be at

High-End of Guidance Ranges

The Company announced updated expectations for financial results for the

second quarter ended June 30, 2012. ValueClick currently anticipates:

  • Revenue at the high-end of its previously-issued guidance range of

    $155 to $160 million; and

  • Adjusted-EBITDA1 at the high-end of its previously-issued

    guidance range of $46 to $48 million.

Updated revenue expectations for second quarter 2012 include Media

segment revenue growth at or above the previously-issued guidance for

the segment. ValueClick expects to announce final financial results for

the second quarter of 2012 and guidance for the third quarter of 2012

during the week of July 30. The Company will provide specific

information on the date and time of the announcement in a separate press


Repurchase Program Update

Since May 2, ValueClick has repurchased approximately 5.9 million shares

of the Company's outstanding common stock for approximately $99.6

million. ValueClick's board of directors has authorized a $100 million

increase to the program, such that an additional $100.5 million of the

Company's capital may be used to repurchase shares of the Company's

common stock going forward. ValueClick anticipates funding the program

through free cash flow generation and its credit facility.

Credit Facility Increase

ValueClick has increased the amount available under its credit facility

by $50 million. The Company's total credit facility now consists of: 1)

a $200 million revolver (previously $150 million) with an expected

outstanding balance as of the end of the second quarter of $130 million;

and 2) a term loan with an expected outstanding balance as of the end of

the second quarter of $42.5 million.

"We are executing on our strategic initiatives, which is allowing us to

build on our tradition of returning capital to our shareholders," said

James R. Zarley, chief executive officer of ValueClick. "Our increased

credit facility and stock repurchase program speak to our conviction

about our ability to capture the opportunities in front of us."

About ValueClick

ValueClick, Inc. (Nasdaq: VCLK) is one of the world's largest digital

marketing companies. Through a unique combination of data, technology

and services, ValueClick increases brand awareness and drives customer

acquisition at scale for the world's largest advertisers, and maximizes

advertising revenue for tens of thousands of online and mobile

publishers. ValueClick's brands include Commission

Junction, ValueClick

Media, Dotomi,



and PriceRunner.

The Company is based in Westlake Village, California, and has offices in

major advertising markets worldwide. For more information, please visit

This release contains forward-looking statements that involve risks

and uncertainties, including, but not limited to, the risk that market

demand for on-line advertising in general, and performance based on-line

advertising in particular, will not grow as rapidly as predicted, the

risk that legislation and governmental regulation could negatively

impact the Company's performance, the effects of recent acquisitions on

ValueClick's financial results, the potential inability to successfully

operate or integrate Dotomi's business, including the potential

inability to retain customers, key employees or vendors. Actual results

may differ materially from the results predicted, and reported results

should not be considered an indication of future performance. Important

factors that could cause actual results to differ materially from those

expressed or implied in the forward-looking statements are detailed

under "Risk Factors" and elsewhere in filings with the Securities and

Exchange Commission made from time to time by ValueClick, including, but

not limited to: its annual report on Form 10-K filed on February 29,

2012; recent quarterly reports on Form 10-Q; and other current reports

on Form 8-K.

The Business Outlook contained in this release is based on current

expectations. These statements are forward-looking, and actual results

may differ materially. These statements do not include the potential

impact of any mergers, acquisitions or other business combinations that

may be completed after the date of this release. Actual stock-based

compensation may differ from these estimates based on the timing and

amount of stock awards granted, the assumptions used in stock award

valuation and other factors. Actual income tax expense may differ from

these estimates based on tax planning, changes in tax accounting rules

and laws, and other factors.

ValueClick undertakes no obligation to release publicly any revisions

to any forward-looking statements to reflect events or circumstances

after the date hereof or to reflect the occurrence of unanticipated


1 Adjusted-EBITDA is defined as GAAP (Generally Accepted

Accounting Principles) net income before interest, income taxes,

depreciation, amortization, and stock-based compensation expenses.

ValueClick, Inc.
Gary J. Fuges, CFA

Source: ValueClick, Inc.

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