Monday, November 7, 2011
Demand Media Increases Revenues, Posts Loss
Santa Monica-based Demand Media, the online publishing firm headed by Richard Rosenblatt, announced its third quarter 2011 financial results on Monday, saying that it had a loss from operations of $3.3M, with a rise in revenues to $81.5M. Revenues were up 25 percent compared with Q3 of last year, when it had revenues of $65.4M. The firm saw increases in revenues in both its content & media segment, as well as its domain registration business, reporting 27 percent increase in content and media revenue, and 20 percent increase in its registrar revenue. Demand Media operates eHow.com, LIVESTRONG.com, as well as a stable of other online media properties.