Marchex Revises Call-Driven Revenue Target For 2014 - Quick Facts

(RTTNews) - Marchex, Inc. (MCHX), a mobile advertising technology company, reported updating its outlook for the remainder of 2014.

As a result of revised commitments from Allstate in the fourth quarter, Marchex is lowering its 2014 call-driven revenue target. Given the growth and progress with its other customers, such as Time Warner, Bridgestone, Dish Networks, and T-Mobile, the firm is backing its earlier outlook for 2014 call-driven adjusted EBITDA. Also, it is raising its third-quarter call-driven financial outlook.

For the year 2014, the company expects call-driven revenue of $170 million - $172 million or more.