Demand Media Reports 3Q Numbers, Moves Closer to IPO

DemandMediaLogo.jpgDemand Media moved one step closer to its initial public offering, filing an amended Form S-1 with the Securities and Exchange Commission containing third-quarter financial information, according to reports in AllThingsD and paidContent.

The online content and media company reported revenue of $179.4 million and a net loss of $6.4 million for the first nine months of 2010, compared with $102.3 million and $5.6 million, respectively, in the year-ago period, according to AllThingsD, and paidContent reported that Demand Media’s third-quarter revenues of $65.4 million were 26 percent from $51.7 million in the previous-year quarter, and the company posted a net loss of $305,000, down from $4.2 million.

Demand Media’s goal is to reach the IPO stage before the end of the year, according to paidContent.

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