San Diego Business Journal

Active Network Keeps Growing Revenue

Wednesday, November 7, 2012

Active Network, the San Diego provider of online event registration services, reported a third quarter net loss of $6 million, compared with a net loss of $1.4 million in the like quarter of 2011.

Revenue for the quarter increased 22 percent to $109 million.

CEO Matt Landa said Active delivered strong third quarter results and made progress expanding its customer base.

For the nine months, Active reported a net loss of $28.7 million, compared with a net loss of $18.6 million for the like period last year.

Revenue for the nine months was $325 million, compared with $261 million for the like period last year.

For the full year of 2012, Active said it expects its total revenue to finish in a range of $418 million to $422 million, and its net loss will come in between $18 million and $13 million.

In 2013, Active Network forecast total revenue will be in a range of $470 million to $480 million, and its full year net loss to be $38 million to $31 million.

Shares of the company, traded under ACTV on the New York Stock Exchange, gained 31 cents Nov. 6 to close at $5.92. Its 52 week range was $5.02 to $17.74.

— Mike Allen