Key Developments: Demand Media Inc (DMD)
9.08USD
24 May 2013
$-0.04 (-0.44%)
$9.12
$9.05
$9.13
$9.03
64,469
347,625
$12.50
$7.39
Latest Key Developments (Source: Significant Developments)
Demand Media Inc Issues Q2 2013 Mixed Guidance; Narrows FY 2013 Revenue And EBITDA Guidance; Raises Low End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Demand Media Inc announced that for the second quarter of 2013, it expects revenue in the range of $105.0 - $107.0 million, adjusted EBITDA in the range of $26.5 - $28.5 million and adjusted EPS in the range of $0.08 - $0.09 per share. For fiscal 2013, it expects revenue in the range of $436.0 - $442.0 million, adjusted EBITDA in the range of $110.5 - $114.5 million and adjusted EPS in the range of $0.40 - $0.43 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $101.4 million, EBITDA of $27.6 million, EPS of $0.10 for the second quarter of 2013; EBITDA of $112.6 million and EPS of $0.41 for fiscal 2013. Full Article
Demand Media Inc Announces Resignation Of President-Form 8-K
Demand Media Inc reported in its Form 8-K that as previously announced the Board of Directors of Demand Media, Inc. (Company) has approved a plan to explore the spin-off of the Company's registrar service offering into an independent public company. Effective February 19, 2013, Michael Blend will focus on addressing the strategic and operational issues related to the possible spin-off of the registrar service offering and Mr. Blend will no longer serve as President and Chief Operating Officer of the Company. Full Article
Demand Media Inc Mulls Spinning Off Web-Registry Business-DJ
Dow Jones reported that Demand Media Inc said it is considering spinning off its domain services division from its larger and faster-growing online content business. Demand said Tuesday the potential separation would create a new, publicly traded stock for the domain business, which provides registry and other services tied to launching and maintaining websites. The spinoff, which is being considered by Demand Media's management team and outside advisers, could take place within the next year, the company said in a press release. Full Article
Demand Media Inc Issues Q1 2013 Guidance Below Analysts' Estimates; Issues FY 2013 Revenue Guidance Above Analysts' Estimates; Issues FY 2013 Earnings Guidance Below Analysts' Estimates
Demand Media Inc announced that for the first quarter of 2013, it expects revenue in the range of $100.0 - $102.0 million, revenue ex-TAC in the range of $94.0 - $96.0 million, adjusted EBITDA in the range of $23.5 - $25.5 million and adjusted EPS in the range of $0.07 - $0.08 per share. For fiscal 2013, revenues are expected to be in the range of $435.0 - $443.0 million, revenue ex-TAC in the range of $410.0 - $418.0 million, adjusted EBITDA is expected to be in the range of $110.0 - $115.0 million and adjusted EPS is expected to be in the range of $0.39 - $0.43 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $96.0 million, EBITDA of $26.6 million, EPS of $0.10 for the first quarter of 2013; revenue of $414.0 million, EBITDA of $119.25 million and EPS of $0.46 for fiscal 2013. Full Article
Demand Media Inc Acquires Name.com
Demand Media Inc announced the acquisition of Denver-based Name.com, a domain name registrar known for its retail footprint, customer service and creative spirit. The acquisition is intended to expand Demand Media's platform as it prepares for the historic release of new Top Level Domains (TLDs) this year. Full Article
Demand Media Inc Issues Q4 2012 Guidance; Revenue Guidance Below Analysts' Estimates; Lowers FY 2012 Guidance
Demand Media Inc announced that for fourth quarter of 2012, it expects revenue in the range of $101.5-$103.5 million, revenue ex-TAC in the range of $95.5-$97.5 million, adjusted EBITDA in the range of $27.5-$28.5 million, adjusted EPS in the range of $0.10-$0.11 per share. For fiscal 2012, it expects revenue in the range of $378.9-$380.9 million, revenue ex-TAC in the range of $359.8-$361.8 million, adjusted EBITDA in the range of $101.6-$102.6 million and adjusted EPS in the range of $0.37-$0.38 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $95.1 million, EBITDA of $27.6 million, EPS of $0.11 for fourth quarter of 2012; revenue of $359.0 million, EBITDA of $100.7 million and EPS of $0.37 for fiscal 2012. Full Article
Branham Law, LLP Announces Investigation Against Demand Media, Inc. For Possible Securities Law Violations
Branham Law, LLP announced that it is investigating Demand Media, Inc. (DMD or the Company) to determine whether it has violated securities laws by issuing false and misleading statements to its shareholders. This investigation is a result of disclosures made about changes to Google’s search engine methodologies that have significantly reduced the references to the Company's websites. References to the Company’s websites are a substantial source of revenue for DMD. Full Article
Demand Media Inc Appoints President
Demand Media Inc announced the promotion of Michael Blend to president and chief operating officer, expanding his current responsibilities overseeing content and media to include Company’s domain registration services. He will continue to report to chairman and chief executive officer, Richard Rosenblatt, and the move will be effective August 16. Full Article
Demand Media Inc Issues Q3 2012 Guidance; Revenue And EBITDA Guidance Above Analysts' Estimates; Raises FY 2012 Guidance
Demand Media Inc announced that for the third quarter of 2012, it expects revenue in the range of $94.5 - $96.5 million, revenue ex-TAC in the range of $90.0 - $92.0 million, adjusted EBITDA in the range of $25.0 - $26.0 million and adjusted EPS in the range of $0.09 - $0.10 per share. For fiscal 2012, it expects revenue in the range of $373.0 - $377.0 million, revenue ex-TAC in the range of $355.5 - $359.5 million, adjusted EBITDA in the range of $98.5 - $100.5 million and adjusted EPS in the range of $0.35 - $0.37 per share. According to I/BE/S Estimates, analysts on an average were expecting the Company to report revenue of $88.3 million, EBITDA of $24.6 million and EPS of $0.09 for the third quarter of 2012; and revenue of $349.9 million, EBITDA of $97.5 million and EPS of $0.34 for fiscal 2012. Full Article
Demand Media Inc To Promote Mel Tang To Chief Financial Officer
Demand Media Inc announced that Senior Vice President, Finance and Treasurer Mel Tang will be promoted to Chief Financial Officer effective August 16, 2012, and that concurrently Demand Media`s President and CFO Charles Hilliard will become Special Advisor to the Board of Directors. Full Article
Demand Media revenue and profit beat estimates
- Demand Media reported on Tuesday better-than-expected first quarter revenue and profit on growth at its media websites like eHow, Livestrong and Cracked.
Earnings vs. 
Estimates
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