Mobile Ad Network Millennial Media Saw Nearly $50 Million In Revenue In 2010

We've known that mobile ad network Millennial Media more than tripled revenue in 2010 from 2009 and achieved profitability. But we didn't know how much the mobile ad network brought in, until now. In the recent 2011 Inc 500 list, Millennial revealed that it saw $47.8 million in 2010 revenue, up over 3,000 percent from 2007 revenue of $1.5 million. And while we don't know what Millennial's net income is, we know the company is profitable. Millennial is one of the largest remaining independent ad networks after AdMob was bought by Google and Apple acquired Quattro. There's no doubt that many technology companies have eyed Millennial as an acquisition target, but the company has managed to remain independent despite the increased consolidation taking place in the mobile ad space.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/lBTnjvOYWXY/

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