Millennial Media narrows loss to $2.2M in Q2
Mobile ad network Millennial Media reported second quarter revenues for 2012 with $39.4 million in revenue and a net loss of $2.2 million. Although still a loss, the numbers beat analyst estimates and are an improvement over the company’s Q1 results, when Millennial reported $32.9 million in revenue and a $4 million loss.
Overall, the company’s revenue was up 75.6 percent year-over-year and 19.7 percent quarter-over-quarter. Its gross margin also improved slightly, rising from 39.1 percent in Q1 to 39.7
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