/// Demand Media Beats Q2 Expectations With Revenue Up Strongly; Names New President

August 7, 2012  |  All Things Digital

Santa Monica, Calif.-base Demand Media beat earnings expectations today, with a strong revenue performance up 17 percent in the second quarter and a small profit. The social content company also said it had added Michael Blend as its new president and COO, noting he would be “expanding his current responsibilities overseeing content and media to include leading the company’s domain registration services.” Blend — who came to Demand via an acquisition — will continue to report to CEO Richard Rosenblatt, but so other major execs will also continue to do so despite the title addition for him. Demand earned 0.1 cents in net income, its first quarter of positive net income as a company. That is up from a loss of 2.4 cents last year in the same period. But its adjusted earnings per share was nine cents, compared to an expected seven cents. Revenue was $93.1 million, a nie bump from the $89 million that Wall Street analysts had expected Demand to report. Cash flow from operations was also up 30 percent. “In addition to accelerating revenue growth, expanding our EBITDA margin and growing our cash flow from operations, we delivered our first quarter of positive net income as a public company in Q2,” said incoming CFO Mel Tang in a statement. “Based on our strong first half performance and outlook for the remainder of 2012, we are increasing guidance for fiscal year 2012.” Here’s the full press release and I will be listening in on its call at 2 pm PT to see if there is any more news: PDF.Q2

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Demand Media Beats Q2 Expectations With Revenue Up Strongly; Names New President

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