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TechTarget February 10 , 2021 Exhibit 99.1 Dear Fellow Shareholders : We had an extremely busy Q4 and we finished the year on a very strong note . Our momentum from 2020 has carried into 2021. We are optimistic about our competitive position and the large market opportunity in front of us . For Q4 2020 : • Revenue grew 28 % to approximately $ 45.9 million . We recognized approximately $ 1.2 million from the 9 days that we owned BrightTALK . Excluding the BrightTALK revenue contribution , TechTarget revenue grew 24 % . • Adjusted EBITDA grew 53 % to approximately $ 18 million • Adjusted EBITDA margin was 39 % • Long term contracts represented 34 % of revenue • Gross margin was 76 % For the full • year Adjusted Free Cash flow was $ 13.6 million , representing 76 % of Adjusted EBITDA 2020 : Revenue grew 11 % to approximately $ 148.4 million • Adjusted EBITDA grew 21 % to approximately $ 50.9 million • Adjusted EBITDA margin was 34 % • Gross margin was 75 % • Adjusted Free Cash Flow was $ 42.0 million , representing 83 % of Adjusted EBITDA We would like to take a moment to sincerely thank the TechTarget team for their resiliency , flexibility , dependability and hard work during 2020. It was not an easy year for anyone personally or professionally , but our team went above and beyond to deliver the above results , primarily working from home during the pandemic . We are also very appreciative for the support from our customers , partners and investors . Let's examine 5 long - term take - aways from 2020 and their relevance for TechTarget : 1. The IT market is resilient . Companies run their business on software . It is not feasible for them to significantly reduce their reliance on their software and therefore their spending levels . IT is no longer a discretionary spending item . TechTarget Relevance : The IT market , where we have a leadership position , is large , critical and predictable . 2. The SAAS model is brilliant . Unlike past downturns , the majority of our customers didn't miss a beat . TechTarget Relevance : Our enterprise customers ' revenue was steady through the pandemic , so their spending with us remained steady . Combined with significant recurring revenues , our business is strong and predictable . 3. Companies are focused on making their employees as productive as possible . IT companies have a