TechTarget online revenue up in Q3 despite tough market

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New York—TechTarget Inc. announced online revenue grew 27% in the third quarter year-over-year, to $18.6 million, and represented 74% of total revenue in third-quarter financial results announced yesterday.

Total revenue for Q3 increased 8% to $25.2 million compared to the same period in 2007.

Adjusted EBITDA for the quarter decreased by 23% to $4.4 million compared to the same period last year.

The company expects total revenue for the fourth quarter of 2008 to come in between $25 million and $26 million, and adjusted EBITDA to be $4.3 million to $5.1 million.

—Daniel McCarthy

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