Demand Media (DMD) Posts Smaller-than-Expected Q1 Loss

Demand Media (NYSE: DMD) reported Q1 EPS of ($0.16), $0.40 better than the analyst estimate of ($0.56). Revenue for the quarter came in at $33.2 million versus the consensus estimate of $35.2 million.

“While we aggressively continue the transformation of eHow, we’re encouraged by another quarter of strong results from our Marketplaces, Content Solutions, and Livestrong businesses, and we are confident we are heading in the right direction,” said Sean Moriarty, CEO of Demand Media. “With strong additions to an executive leadership team that is judiciously managing cash and making investments, we are well positioned operationally.”

Demand Media’s new Chief Financial Officer, Rachel Glaser, joined the company in April. “I am very pleased to be joining Demand at this time when we have a clear set of strategic priorities, tremendous opportunities for future growth and a healthy balance sheet as a foundation,” said Glaser.

For earnings history and earnings-related data on Demand Media (DMD) click here.

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