Millennial Media, Inc. (NYSE: MM), the independent leader in mobile advertising, reported Q1 2012 earnings after market close yesterday. The company reported revenue for the first quarter rose 53 percent to $32.9 million, ahead of consensus estimates of $30 million, according to Thomson Reuters I/B/E/S.

The company posted a pro-forma net loss of 5 cents per share. Analysts were expecting a pro-forma net loss of 7 cents per share according to Thomson Reuters I/B/E/S.

About Millennial Media

Millennial Media is the leading independent mobile advertising platform company. Our technology, tools and services help app developers and mobile website publishers to maximize their advertising revenue, acquire users for their apps and gain insight about their users. We offer advertisers significant audience reach, sophisticated targeting capabilities and the ability to deliver rich and engaging ad experiences to consumers on their mobile connected devices.

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