Demand Media Reports First Quarter 2012 Results and Raises Fiscal 2012 Guidance
SANTA MONICA, Calif.--(BUSINESS WIRE)--
Demand Media, Inc. (NYSE: DMD - News), a leading content and social media company, today reported financial results for the quarter ended March31, 2012 and raised its previously issued fiscal 2012 financial guidance.
Driven by continued growth across our businesses, our first quarter revenue exceeded our seasonally strong Q4 2011 results, said Richard Rosenblatt, Chairman and CEO of Demand Media. We are pleased with our first quarter results and remain focused on investing in our long-term growth initiatives, including enhancing the quality of our Owned & Operated properties, expanding our content distribution channels and partnerships, and pursuing new generic Top Level Domain opportunities.
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Q1 2012 Financial Summary:
Our first quarter growth and significant free cash flow marks a great start for 2012, particularly in light of a tough year-over-year comparison due to early 2011 search algorithm changes, said Charles Hilliard, President and CFO. "Demand Media's increased guidance reflects our first quarter performance, our improved outlook for the remainder of 2012 and, for the first time in more than a year, a return to accelerating year-over-year revenue growth beginning in Q2."
Business Highlights:
(1) Source: comScore.
Operating Metrics:
Excerpt from:
Demand Media Reports First Quarter 2012 Results and Raises Fiscal 2012 Guidance
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