Demand Media Posts First Earnings Report as Public Company
Demand Media posted its fourth quarter financial results today – the company’s first earnings report since going public last month. Demand posted revenue of $73.6 million, an increase of 33% compared to $55.5 million in the same quarter the previous year. Income from operations was $2.8 million compared to a net loss from operations of […]
Kindle E-Books Turn Amazon's Page
The Amazon brand was given a serious boost with the launch of their Kindle e-reader, and they are still reaping the rewards as the digital book formats are outselling the more traditional reading medium, paperback books. According to their fourth quarter report, for every 100 paperback books sold, Amazon sold 115 books in Kindle’s format. […]