Demand Media Inc. Earnings Cheat Sheet: Loss Narrows

Demand Media Inc. (NYSE:DMD) reported its results for the third quarter. Demand Media, together with its subsidiaries, operates as a content and social media company in the United States. It identifies, creates, distributes, and monetizes in-demand, long-lived content.

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Demand Media Earnings Cheat Sheet for the Third Quarter

Results: The company reported a loss of $4.1 million (5 cents per share) vs. a loss of $300,000 (64 cents per share) the year earlier.

Revenue: Rose 25% to $81.5 million from the year earlier quarter.

Actual vs. Wall St. Expectations: DMD reported adjusted earnings per share of 6 cents, beating the mean analyst estimate of 4 cents per share.

Quoting Management: “We reported another strong quarter as we continue to build Demand Media’s foundation for long-term growth,” said Richard Rosenblatt, Chairman and CEO of Demand Media. “The Company is uniquely positioned to deliver data-driven professional content through its robust content publishing platform. We are now in the process of optimizing that platform while increasing our investment in video content and enhancing the quality, engagement and user experience of our sites.”

Key Stats:

The company beat estimates last quarter after being in line with expectations in the second quarter with a loss of one cent per share.

For the fiscal year, the average estimate has moved from a loss of 4 cents a share to a loss of 8 cents over the last ninety days.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), AOL, Inc. (NYSE:AOL), Yahoo! Inc. (NASDAQ:YHOO), IAC/InterActiveCorp (NASDAQ:IACI), Answers Corporation (NASDAQ:ANSW), WebMD Health Corp. (NASDAQ:WBMD), Baidu.com, Inc. (NASDAQ:BIDU), Microsoft Corporation (NASDAQ:MSFT), Ancestry.com Inc (NASDAQ:ACOM), and WebMediaBrands Inc (NASDAQ:WEBM).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)