Why Dex Media (DXM) Is Soaring on Thursday

NEW YORK (TheStreet) -- Dex Media (DXM) is soaring on Thursday after reporting significant revenue growth over its fourth quarter.

By midafternoon, shares had exploded 25.4% to $8.12.

Trading volume of 1 million was nearly six times its three-month daily average.

The social and mobile marketing provider reported operating revenue of $429 million in the three months to December compared to $299 million in the year-ago quarter.

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However, Dallas-based Dex Media realized a net loss of $556 million over the quarter, wider than $37 million a year ago.

In May last year, Dex One and SuperMedia merged to form Dex Media as they emerged from bankruptcy.

"The merger of Dex One and SuperMedia created a new company with substantial scale and market presence to achieve expense synergies and drive new client growth opportunities," said CEO Peter McDonald in a statement. "In 2014, we look forward to finalizing our integration and continuing the rollout of our go-to-market approach."

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