Key Developments: Millennial Media Inc (MM)
7.31USD
24 May 2013
$-0.13 (-1.75%)
$7.44
$7.42
$7.59
$7.17
698,616
1,534,728
$16.86
$5.87
Latest Key Developments (Source: Significant Developments)
Millennial Media Inc Issues Q2 2013 Guidance; EBITDA Guidance Below Analysts' Estimates; Reiterates FY 2013 Guidance
Millennial Media Inc announced that for the second quarter of 2013, it expects total revenue to be in the range of $58 million to $60 million and adjusted EBITDA to be between a loss of $(0.5) million and $(1.5) million. For fiscal 2013, Millennial Media reiterates its previous guidance that it expects revenue to be in the range of $270 million to $280 million and adjusted EBITDA to be between $17.0 million and $18.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $60 million and EBITDA of $2.05 million for the second quarter of 2013; revenue of $275 million and EBITDA of $17.5 million for fiscal 2013. Full Article
Millennial Media Inc Reaffirms Q1 2013 Revenue Guidance-Conference Call
Millennial Media Inc announced that for first quarter of 2013, it expects revenue to be in the range of $48 to $50 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $49 million for first quarter of 2013. Full Article
Millennial Media Inc Signs Definitive Agreement to Acquire Metaresolver
Millennial Media Inc announced that it has signed a definitive agreement to acquire San Francisco-based Metaresolver, a privately held mobile media buying and targeting platform, in an all-cash transaction. The closing of the acquisition is subject to the satisfaction of various customary closing conditions. The Metaresolver platform harnesses and analyzes volumes of data to deliver efficient programmatic mobile media buying for advertisers. Metaresolver uses accurate data to identify and build audiences that brands can target with campaigns. Data is evaluated through vetting process, ensuring that insights and audiences are derived from a clean and accurate foundational data set. The Metaresolver team will continue to be based out of San Francisco. Terms of the transaction were not disclosed. Full Article
Millennial Media Inc Issues Q1, FY 2013 Guidance Below Analysts' Estimates
Millennial Media Inc announced that based on information available, the Company expects total revenue for the first quarter of 2013 to be in the range of $48 million to $50 million and adjusted EBITDA to be between ($1.0) million and ($1.5) million. For fiscal 2013, it expects revenue to be in the range of $270 million to $280 million and adjusted EBITDA to be between $17.0 million and $18.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $56 million and EBITDA of $1.85 million for the first quarter of 2013; revenue of $286 million and EBITDA of $19.0 million for fiscal 2013. Full Article
Millennial Media Inc Issues Q4 2012 Guidance; EBITDA Guidance Above Analysts' Estimates; Raises FY 2012 Guidance
Millennial Media Inc announced that for fourth quarter of 2012, it expects revenue to be in the range of $61.5-$63.0 million and adjusted EBITDA to be between $3.0-$3.5 million. For the full year 2012, it expects revenue to be in the range of $181.0-$182.5 million and adjusted EBITDA to be between $2.0-$2.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $62.3 million and EBITDA of $2.9 million for fourth quarter of 2012; revenue of $181.5 million and EBITDA of $1.5 million for fiscal 2012. Full Article
Millennial Media Inc Files Registration Statement For Proposed Follow-On Offering
Millennial Media Inc announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed follow-on offering of shares of common stock. Millennial Media is proposing to sell up to one million of shares. An additional nine million shares will be sold by Millennial Media stockholders. The proceeds of the primary portion of the offering will be used for working capital and general corporate purposes. Millennial Media will not receive any proceeds from shares of common stock to be sold by the selling stockholders. As part of the underwriting procedures, Millennial Media, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering. Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Barclays Capital Inc. will serve as joint book runners for the proposed offering. Full Article
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. Full Article
Millennial Media Inc Issues Q2, FY 2012 Guidance Below Analysts' Estimates
Millennial Media Inc announced that for the second quarter of 2012, it expects revenue to be in the range of $37 million to $38 million and adjusted EBITDA, which excludes stock-based compensation, to be between $(3.2) million and $(3.5) million. For fiscal 2012, it expects revenue to be in the range of $173 million to $176 million and adjusted EBITDA, which excludes stock-based compensation, to be between $(3.0) million and $(4.0) million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $41 million and EBITDA of $(1.41) million; revenue of $196 million and EBITDA of $(0.39) million for fiscal 2012. Full Article
Millennial Media Inc Announces Closing Of Initial Public Offering
Millennial Media Inc announced it has closed its previously announced initial public offering of 10,200,000 shares of common stock at a public offering price of $13.00 per share. Of these shares, 9,200,000 shares were sold by the Company and 1,000,000 shares were sold by selling stockholders. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 873,270 shares from the Company and 656,730 shares from the selling stockholders. As a result, the total initial public offering size was 11,730,000 shares. Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Barclays Capital Inc. acted as joint bookrunners for the offering. Allen & Company LLC and Stifel Nicolaus Weisel acted as co-managers. Full Article
Millennial Media Inc Prices Initial Public Offering
Millennial Media Inc announced the pricing of its initial public offering of 10.2 million shares of common stock at a price to the public of $13 per share. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol 'MM' on March 29, 2012. A total of 9.2 million shares are being offered by Millennial, and a total of 1 million shares are being offered by selling stockholders. In addition, Millennial and the selling stockholders have granted the underwriters a 30-day option to purchase an aggregate of up to an additional 1.53 million shares. Millennial will not receive any proceeds from the sale of shares by the selling stockholders. Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Barclays Capital Inc. are the joint bookrunners for the offering. Allen & Company LLC and Stifel Nicolaus Weisel are co-managers for the offering. Full Article
BRIEF-Millennial Media shares down 25.3 pct after the bell
NEW YORK, Feb 19 - Millennial Media Inc : * Shares down 25.3 percent after the bell following results
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
