Millennial Media's revenues jump to $96M in Q4 against losses of $3.8M - Baltimore


Feb. 24, 2014 9:30 am

Millennial Media’s revenues jump to $96M in Q4 against losses of $3.8M

Millennial Media cofounder Paul Palmieri at an Exec TechBreakfast in April 2013.

(Photo by Andrew Zaleski)

Canton-based global mobile advertising company Millennial Media reported revenues of $96.7 million in Q4 of 2013.

But that comes against Q4 losses of $3.8 million, according to the Baltimore SunThe losses in the latest quarter of 2013 follow a pattern Millennial has largely hewed to since its initial public offering in 2012: posting higher revenues per quarter against multimillion-dollar losses.

The company, however, doesn’t seem worried. In an interview with Baltimore, Millennial Media cofounder Paul Palmieri — who stepped down as CEO in January, but is staying on at Millennial in an advisory role — said the company “will post profitability when it’s smart to do so, and will be investing in growth while this [mobile advertising] market is growing incredibly fast.”




Nov. 25, 2015 11:49 am

Why FutureMakers is moving to Station North

The "mobile makerspace" organization is moving to the Motor House. The chance to do prototyping and be close to other potential partners was big, said founder Matt Barinholtz.

Sign-up for regular updates from .