Up: Demand Media Handily Beats Wall Street Expectations in Q3 With Strong Revenue Increase
Demand Media, the social media and content company, strongly bested Wall Street expectations for the third quarter.
Revenue for the quarter was $98.1 million, up 20 percent from the same period a year ago, and well above the $91.4 million expected. Earnings per share were four cents, compared to a net loss of five cents last year.
This is the fifth straight revenue increase for the Santa Monica, Calif.-based Demand, which had struggled last year as Google changed its algorithms and impacted many publishers across the Web.
Shares of Demand, which rose just above six percent today, were up another 6.4 percent in after-hours trading to $9.30 on the news.
Still, here are some interesting stats to note:
Page views on its owned-and-operated sites, such as eHow, were up 33 percent, although revenue per thousand page views was down 11 percent. It’s due to lower revenue from mobile growth.
Demand’s domain registrar business was also up 11 percent, although revenue was down 2 percent.
Here’s the whole release to peruse before the company’s 2 pm PT call with analysts — I will add more if Demand execs say something juicy: