Nov 5 Demand Media reported on Monday
record quarterly revenue and profit because more people are
visiting its websites such as eHow, LiveStrong and Cracked.
The company said third quarter revenue excluding traffic
acquisition costs rose 19 percent to $92.8 million. Analysts on
average were expecting $91.5 million according to Thomson
Net income for the third quarter was $3.2 million, or 4
cents per share, compared with a loss of $4.1 million or a loss
of 5 cents per share in the same period a year ago.
"Demand Media's audience surpassed 125 million monthly
unique visitors during the third quarter, as we delivered record
revenue and profitability," Richard Rosenblatt, chairman and
chief executive of Demand Media, said in a statement.
Demand Media relies on freelance writers, photographers and
videographers to provide articles and videos designed to appear
at the top of Internet searches that in turn generate
Shares of Demand closed up 6 percent at $8.74 on Monday.