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TechTarget’s online revenue up 27% in second quarter

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Needham, Mass.—IT media company TechTarget Inc. Tuesday reported its online revenue rose 27% in the second quarter to $16.3 million, from $12.8 million in the same period last year.

TechTarget, which completed an initial public offering in May, said total revenue for the second quarter rose 19% to $24.6 million, from $20.7 million in the year-earlier period.

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased 31% to $7.6 million, from $5.8 million in the year-earlier period. Net income grew 14% to $2.71 million, from $2.37 million.

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