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TechTarget’s revenue up 23% in fourth quarter

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Needham, Mass.—IT media company TechTarget Inc. Thursday reported that its revenue rose 23% in the fourth quarter to $28.4 million, from $23.1 million in the same period last year. The publicly traded company said online revenue rose to $19 million in the fourth quarter, from $15.4 million in the year-earlier period. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased 13% in the fourth quarter to $8.4 million, from $7.4 million in the year-earlier period. Net income for the quarter was $2.8 million, the same as the year-earlier period.
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