- 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%).
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Demand Media gains as loss narrows ahead of name change
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