Millennial Media Inc Issues Q3 2012 Guidance In Line With Analysts' Estimates; Raises FY 2012 Guidance

Millennial Media Inc announced that for third quarter of 2012, it expects total revenue to be in the range of $43.5 million to $45 million and adjusted EBITDA to be between $(0.6) million and $(0.8) million. For fiscal 2012, the Company expects revenue to be in the range of $176 million to $179 million and adjusted EBITDA to be between $(1.0) million and $(2.0) million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $44 million and EBITDA of $(0.7) million for third quarter of 2012; revenue of $175 million and EBITDA of $(3.21) million for fiscal 2012.