TechTarget Sees Small YoY Growth, But Says Macro Remains a Problem

TechTarget, a b2b media company, announced its financial results on August 8th. It plays an interesting role in analysis as one of the few pure-play b2b marketing services companies, serving as a subtle barometer for how other b2b media companies dependent on software advertising.

• Revenue: $58.9 million, up only 1% from last year, but up 14% sequentially
• Net income: $1.3 million, down 51%

Revenue being up year-over-year had management pleased, but they cautioned that there remained a lot of headwinds. In the earnings release, management said: