The company reported revenue of $101.9 million for the second quarter of 2001, a 20% drop from the same period last year. Gross profit for the quarter was down to $55.5 million, a $13 million decrease over gross profit of $68.5 million in the second quarter of 2000. Pro forma net loss was $9.5 million for the quarter with pro forma earnings per share of 7 cents.
The company also reported that the DoubleClick Networks generated global media revenue of $33.8 million, a decrease of 51% vs. the same period last year due to the downturn in online ad spending coupled with the absence of AltaVista revenues. -- Adrienne Mand
Copyright July 2001, Crain Communications Inc.