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More on Millennial Media's Q1: The company expects Q2 revenue of $37M-$38M and 2012 revenue of...

More on Millennial Media's Q1: The company expects Q2 revenue of $37M-$38M and 2012 revenue of $173M-$176M, above Street estimates of $36.7M and $169.8M. Millennial claims it had 300M monthly unique users view its ads in March (140M in U.S.); that suggests the average user generated 10.7 cents in Q1 ad revenue. Pandora (P) and Google (GOOG) have reported seeing mobile ad monetization challenges (I, II) as well. MM -8.7% AH. (PR)
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