Millennial Media (MM) Tops Q1 EPS by 3c, Offers Q2, FY Outlook

Millennial Media (NYSE: MM) reported Q1 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $63.2 million versus the consensus estimate of $57.3 million.

Outlook

For the second quarter of 2015, Millennial Media currently expects total gross billings to be in the range of $86 million to $89 million, consisting of $59 million to $61 million for its Managed Media business and $27 million to $28 million for its Platform business.

Millennial Media expects total GAAP revenue for the second quarter of 2015 to be in the range of $68 million to $71 million (vs. consensus of 73.90 million) consisting of Managed Media GAAP revenue between $59 million to $61 million and Platform GAAP revenue between $9 million to $10 million. Millennial Media expects Adjusted EBITDA for the second quarter of 2015 to be in the range of a loss of $(6) million to $(7) million.

For the full year ending December 31, 2015, based on information as of today, Millennial Media expects total gross billings to be in the range of $435 million to $459 million, consisting of $275 million to $290 million for its Managed Media business and $160 million to $169 million for its Platform business. Millennial Media expects total GAAP revenue for the full year 2015 to be in the range of $311 million to $342 million( consensus $322.74 million), consisting of Managed Media GAAP revenue between $275 million to $290 million and Platform GAAP revenue between $36 million to $52 million.

For earnings history and earnings-related data on Millennial Media (MM) click here.

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