ReachLocal Reports Second Quarter 2012 Results

Raises Full Year Guidance Based on Strong First Half of 2012

WOODLAND HILLS, Calif.--(BUSINESS WIRE)-- ReachLocal, Inc. (NASDAQ:RLOC), a leader in local online marketing solutions for small- and medium-sized businesses (SMBs), today reported financial results for the second quarter ended June 30, 2012.

•  Revenue growth of 21% over the second quarter of 2011, highlighted by 43% growth in international markets and 23% growth in the direct local channel

•  International revenue expanded to 26% of revenue from 22% for the prior year period. On a constant foreign exchange basis, international revenue grew 50% from the prior year period and consolidated revenue grew 23%

•  Adjusted EBITDA grew 34% to $5.9 million, compared to $4.4 million for the prior year period

•  Active Advertisers grew 17% to 21,300 and Active Campaigns grew 24% to 31,500 from the prior year period

•  Repurchased $1.2 million or 134,000 shares of stock ($10.7 million or 1,410,000 shares to date) under the company’s $20 million buy-back authorization

FOR FULL PRESS RELEASE, QUOTES AND TABLES, CLICK HERE: http://investors.reachlocal.com/releasedetail.cfm?ReleaseID=697019