This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Millennial Media's CEO Discusses Q2 2012 Results - Earnings Call Transcript

For detailed disclosures of the risks and uncertainties that could cause our results to differ from today’s discussions, please refer to today’s press release as well as the documents we filed from time to time with the Securities and Exchange Commission, including the Form 10-Q that we filed for the second quarter ended June 30, 2012.

Also I’d like to remind you that during the course of this conference call we may discuss non-GAAP measures of our performance. Reconciliations to the most directly comparable GAAP financial measures are provided in today’s press release and on our website under the Investor Relations section.

Today’s call is available via webcast and a replay will be available following the conclusion of the call for one week. To access the press release, supplemental financial information or the webcast replay, please consult the Investor Relations section of the Millennial Media website.

Now I will turn the call over to Paul Palmieri, Co-founder, President, and CEO of Millennial Media.

Paul J. Palmieri

Thanks, Andrew. Good afternoon. And thanks to everyone joining us on the call. This is both our second quarterly earnings report and our second consecutive quarter of delivering strong revenue growth ahead of expectations since our IPO in March.

We continue to be at the center of the massive secular trend of mobile and are experiencing the growth that is consistent with the promise of this exciting market. For the second quarter of 2012, we reported a 76% year-over-year increase in revenue to $39.4 million. Strong gross margin of 39.7%. Continued sequential improvement in adjusted EBITDA and bottom line performance, growth in key metrics in Millennial Media’s developer base, unique users and large brand advertising clients and to reflect our strong Q2 performance and positive outlook we’re raising our full-year guidance on both revenue and adjusted EBITDA.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs