Press Releases

June 28, 2012


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


Guidance Ranges
Provides Stock Repurchase Plan and Credit


Facility Updates


WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--


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


release.


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,


Greystripe,


Mediaplex,


Smarter.com,


CouponMountain.com,


Investopedia.com,


and PriceRunner.


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


major advertising markets worldwide. For more information, please visit www.valueclick.com.


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


events.


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
1.818.575.4677


Source: ValueClick, Inc.



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