TechTarget Inc. Reports 32% of 2024 Revenues from International Sales; $6M Impact Estimated from Forex Fluctuations

Reuters
05/29
<a href="https://laohu8.com/S/TTGT">TechTarget</a> Inc. Reports 32% of 2024 Revenues from International Sales; $6M Impact Estimated from Forex Fluctuations

TechTarget Inc. reported its financial results for the fiscal year ending December 31, 2024. Approximately 32% of the company's revenues were derived from international customers, with significant exposure to the euro and British pound affecting the results. The company conducted a sensitivity analysis and estimated that a 10% unfavorable movement in foreign currency exchange rates would have decreased its operating income by $6.0 million. Despite these potential impacts, TechTarget stated that its foreign currency exchange rate fluctuations were financially immaterial, which is why it has not engaged in hedging transactions. The company, however, continues to explore the possibility of using currency futures or options to hedge against foreign exchange risks in the future. At the close of 2024, TechTarget held $353.7 million in cash, cash equivalents, and short-term investments, primarily for working capital purposes. The company indicated that it does not have material exposure to changes in the fair value of its investment portfolio due to interest rate fluctuations. However, a decline in interest rates could reduce future investment income. In terms of market risk, the company highlighted that its exposure is primarily due to fluctuations in foreign exchange and interest rates. As TechTarget continues its international expansion, it acknowledges that exchange rate fluctuations could significantly impact future operational results. The company also noted that significant inflationary pressures on costs could harm its business if they are unable to offset these costs through service price increases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TechTarget Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-078416), on May 28, 2025, and is solely responsible for the information contained therein.

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