Demand Media trades down as Q3 results disappoint

Shares of Demand Media (DMD -2.4%) are selling off following Q3 results. BusinessWeek's take may reflect the market's sentiment. The magazine labelled results "disappointing," with revenue down 2% Y/Y on a 7% decline in content and media revenue.

The bright spot in yesterday's report, an 11% Y/Y revenue jump in Demand's domain registrar business, is cause for more worry because the company plans to spin it off.

The company has also recently faced 2 defections at the highest levels: founder/CEO Richard Rosenblatt and Chief Innovation Officer Byron Reese, who is credited with pioneering the content farm business.

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Comments (1)
  • User 18225152
    , contributor
    Comment (1) | Send Message
    Having lost nearly 50% of its stock value in the last 6 months, Demand Media appears to be headed towards the bottom after these disappointing Q3 results and further losses expected in Q4. Now is the time to sell your shares in DMD.
    8 Nov 2013, 02:56 PM Reply Like
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