Leaf Group Ltd.NYSE
Demand Media: Attractive Valuation Marred By Lack Of Strategic Coherence
Terrier Investing • 11 Comments
Terrier Investing • 11 Comments
Demand Media: Too Cheap To Ignore
Mon, Nov. 7, 5:35 PM
- Demand Media (DMD +2.7%) -- about to become Leaf Group -- is up 0.6% after hours following Q3 earnings where it posted a smaller loss than expected.
- Net loss narrowed on an absolute basis to $8.3M from last year's loss of $13.8M, and adjusted net loss narrowed to $2.9M from a loss of $5.4M. EBITDA came in at -$2.2M vs. the prior year's -$3.6M (and ahead of expectations for -$3.6M).
- In the company's Marketplaces segment, transactions were up 39% to 282,386; average revenue per transaction fell 5%, to $58.61. In Content & Media, visits fell 17% to 651.55M, and revenue per visit dropped 14% to $17.51. Video views climbed 45% to 176.4M.
- Revenue by segment: Marketplaces, $16.7M (up 32.5%); Content & Media, $11.4M (down 28.3%).
- Press Release
Mon, Nov. 7, 4:17 PM
Sun, Nov. 6, 5:35 PM
- ACAD, ACXM, ADUS, AKAO, ALB, ALGN, AMC, ANDE, APEI, APLE, ARNA, BIOS, CHGG, CKEC, CRAY, CST, CTLT, CUTR, CZR, DEPO, DMD, DTLK, DTSI, EBS, EDIT, ENV, EPM, FANG, FARM, FICO, FN, FNV, FOGO, FRGI, FSM, FTD, HALO, HCKT, HTZ, IAG, IFF, JKHY, JPEP, KND, LSCC, LYV, MAR, MATX, MCHP, MODN, MXL, NCMI, NEWR, NH, NVGS, NVRO, NWSA, OAS, OMF, OPK, ORA, OUT, PACD, PCLN, PINC, PKI, PRAA, PTLA, RARE, REN, RMTI, RRR, RST, RTEC, RWT, SCSC, SGY, SITE, SNCR, SNHY, TCX, TDW, TREX, TSLX, ZGNX
Fri, Oct. 28, 5:14 PM
- The board at Demand Media (DMD -0.9%) has signed off on a name change for the company: to Leaf Group.
- The name change will be effective at the start of Nov. 9, the day that common stock will start trading on NYSE under the symbol LFGR.
- The last day of trading for the DMD symbol will be the day before, Nov. 8.
- With an up-and-down 2016, DMD is up 3.6% YTD. Shares are up 29% since hitting a 2016 low in February.
Fri, Sep. 16, 1:38 PM
- Demand Media (DMD +2.3%) has bought The Other Art Fair, a UK fair dedicated to discovering emerging artists.
- That adds to Demand Media's existing (and higher-profile) online art marketplace, Saatchi Art.
- The move will let buyers purchase art from emerging artists both through Saatchi Art's online gallery and offline through other events.
- The company says The Other Art Fair has grown 327% in on-site attendance since a 2011 launch, and an October event in London is expected to host 15,000.
- The online art market hit $3.27B in sales last year (up 24%), according to Hiscox.
Thu, Aug. 4, 4:40 PM
Wed, Aug. 3, 5:35 PM
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Mon, May 9, 4:14 PM
- Demand Media (NYSE:DMD): Q1 EPS of -$0.29 beats by $0.01.
- Revenue of $27M (-18.7% Y/Y) misses by $1.74M.
Sun, May 8, 5:35 PM
- AAOI, AMPH, APEI, ARNA, ASEI, BKD, CDXS, CUI, CVG, DCO, DMD, DNB, DPLO, DTSI, ELGX, FENG, FRGI, GLOB, GSBD, HALO, HK, HTZ, IFF, INGN, INVN, INWK, IRWD, IVR, JPEP, JUNO, KEG, KITE, LBTYA, LC, LOPE, LSCC, MBI, MODN, MXL, NLS, NOG, NVGS, NVRO, OAS, OPK, OPWR, PEN, PINC, PLOW, PRAA, PSIX, RARE, RAX, RBC, REN, RVNC, SCTY, SEDG, SEMI, SF, SNHY, SREV, SSNI, STMP, TCX, TMH, TTEC, TTGT, TUBE, VTL, VVC
Tue, Apr. 12, 4:18 PM
- News company E.W. Scripps (SSP +1.5%) has acquired youth-focused satire publisher Cracked from Demand Media (DMD +0.8%).
- Scripps is paying $39M in cash. It notes Cracked has a strong youth following, particularly affluent millennial males, and that 50% of its audience goes straight to the site and spends an average of eight minutes on text and video.
- Cracked turned a profit in 2015 on revenue of about $11M. For its part, Demand Media (which acquired Cracked in 2007) says the sale will let it further enhance product quality with a more focused portfolio.
- Now read 4 Radio And Television Stocks To Buy Now »
Tue, Mar. 1, 4:30 PM
- Demand Media (DMD +0.9%) beat profit expectations with its Q4 results despite revenue that slipped nearly 20 Y/Y.
- Revenues were split nearly evenly between services and product after a tumble in service sales. EBITDA swung to a loss of $0.9M, beating an expected loss of $2.5M.
- Content & Media revenues fell driven mostly by traffic declines to its eHow site, and lower ad monetization yields.
- Revenue breakouts: Service revenue, $17.2M (down 41.3%); Product revenue, $17.3M. By segment: Content & Media revenue, $16.1M (down 44%); Marketplaces, $18.4M (up 28.7%).
- Conference call to come at 4:30 p.m. ET.
Tue, Mar. 1, 4:07 PM
- Demand Media (NYSE:DMD): Q4 EPS of -$0.15 beats by $0.14.
- Revenue of $34.48M (-19.8% Y/Y) misses by $1.82M.
Mon, Feb. 29, 5:35 PM
Fri, Feb. 12, 7:13 PM
- Demand Media (DMD +7.7%) has shuffled its board classes in order to comply with the law, and in connection with naming Mitchell Stern as a director.
- Stern -- previously CEO of Freedom Communications, and before that CEO of DirecTV -- will serve as a Class II director and as chairman of the audit committee, replacing Brian Regan, who's moving to be chairman of the nominating committee.
- Correspondingly, Victor Parker resigned his Class I seat and was re-elected as a Class II director who'll face re-election at the 2018 annual meeting. That move was to more evenly distribute directors among the company's three classes, as required by Delaware law.
- Shares moved up sharply today but are still just 20% over the company's 52-week low, hit last Sept. 29.
Thu, Jan. 7, 6:23 PM
- Demand Media (DMD -1.5%) has entered into a new three-year employment deal with CEO Sean Moriarty, expiring Jan. 5, 2019.
- Consistent with the deal it replaces, the new agreement allows for a $400K annual salary, a performance bonus targeted at 80% of base salary, and a possible additional discretionary cash bonus.
- Moriarty will also get restricted stock units covering 500K shares.
- The term of the deal is subject to automatic one-year renewals as well, if neither party terminates it.
Nov. 5, 2015, 4:41 PM
- Demand Media (NYSE:DMD): Q3 EPS of -$0.27 beats by $0.15.
- Revenue of $28.51M (-31.0% Y/Y) misses by $2.31M.