Online media company Demand Media (NYSE:DMD) posted first quarter earnings after the close of trading yesterday for its first quarter as a public company.
The company lost $5.6 million, or $0.13 per share, compared to a loss of $4.1 million, or $0.94 per share, in last year’s first quarter.
Revenue rose 48%, to $79.5 million.
Adjusted earnings of $0.06 per share beat analyst expectations, as did revenue.
The company also said it is making adjustments to the way it compensates writers.
Also late yesterday, online travel booking site Priceline.com (NASDAQ:PCLN) reported nearly double the earnings for its first quarter.
Profits totaled $104.8 million, or $2.05 per share, compared to $53.9 million, or $1.06 per share, in last year’s first quarter.
Adjusted earnings of $2.66 per share were well ahead of analyst estimats, as was a 38% increase in revenue, to $809.3 million.
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