Demand Media, Inc. Earnings Cheat Sheet: Revenue Climbs

Demand Media, Inc. (NYSE:DMD) reported a wider loss in the second quarter. Demand Media, Inc. operates as an online media company in the United States. It identifies, creates, distributes, and monetizes in-demand content.

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Demand Media Earnings Cheat Sheet for the Second Quarter

Results: The company reported a net loss of $2.4 million (3 cents per share) vs. a loss of $1.9 million or a loss of 75 cents per share in the year-earlier quarter.

Revenue: Revenue rose 32% to $79.5 million.

Actual vs. Wall St. Expectations: The company reported adjusted net income of 6 cents per share. By that measure, it beat the average estimate of analysts of 5 cents per share. It topped the mean revenue estimate of $73.9 million.

Quoting Management: “We posted another strong quarter, driven by significant year-over-year growth in both our Content & Media and Registrar businesses as we continued to enhance our content library with new talent, video, and feature articles,” said Richard Rosenblatt, chairman and CEO of Demand Media. “We plan to build on this momentum by expanding our brand advertising relationships and accelerating our content platform’s international and social media growth initiatives.”

Key Stats:

The company topped expectations last quarter after falling short of forecasts in the first quarter with a loss of 10 cents versus a mean estimate of net income of 4 cents per share.

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),, Inc. (NASDAQ:BIDU), Microsoft Corporation (NASDAQ:MSFT), Inc (NASDAQ:ACOM), and WebMediaBrands Inc (NASDAQ:WEBM).

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(Source: Xignite Financials)