Startups

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

But that comes against Q4 losses of $3.8 million, according to the Baltimore Sun. The 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.

Millennial Media cofounder Paul Palmieri.

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 Technical.ly 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.”

Companies: Millennial Media
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Donate to the Journalism Fund

Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.

Trending

Tesla protest organizer says DOGE’s data grab enables Trump admin’s deportations

I know civic technology. This is not civic technology.

Baltimore schools cyberattack compromises staff and student data

Inside the GBC/UpSurge merger: A new economic model is forming, and Baltimore is again a pioneer

Technically Media