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24/7 Real Media boosts outlook

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Feb 27, 2004

Digital marketing firm 24/7 Real Media has raised its financial guidance for 2004 after reporting that net loss for 2003 narrowed year-over-year. The company posted a net loss for the full year of $12m, down from £17.5m in 2002, on revenue that rose 15% to $49.2m, mostly due to increases in its search marketing and integrated media solutions businesses. Looking ahead, it expects revenue between $79m and $84m for 2004, representing growth of more than 60% year-over-year.

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