NEW YORK (TheStreet) -- RetailMeNot (SALE - Get Report) rose in after-hours trading on Monday after the company released its first-quarter results.
The company reported a 51% year-over-year increase to $61.3 million from $40.6 million. Organic net revenue increased 47%. Net income declined 13% year over year to $6.1 million, or 11 cents a share, from $7 million, though the company attributed the decline to increased investment and higher stock-based compensation expense.
Adjusted EBITDA grew 17% year over year to $21.4 million from $18.2 million, which represented 35% of net revenues.
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The stock was up 3.33% to $33.80 in after-market activity.
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