Friday, May 6, 2011

Demand Media Beats the Street in Q1 Earnings and Promises to Clean Up Its Content Act

Demand Media handily beat Wall Street expectations in its first quarter results today, released after the market closed.

The company reported revenue of $79.5 million and six cents a share in adjusted net income.

Investors were expecting the company to report about $69.6 million in revenue for the three months, with four cents a share in profits.

On a GAAP basis, net loss per share was 13 cents compared to 94 cents a year ago.

Emmanuelle Vaugier Sarah Silverman Larissa Meek Gina Carano Sanaa Lathan

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