Dow Jones reports 11 percent rise in revenue, decline in earnings

Dow Jones & Co., the mum or dad of The Wall Avenue Journal, Investor’s Company Day by day, Barron’s and MarketWatch.com, noted an 11 per cent maximize in revenue for the quarter that finished Dec. 31, but a slight drop in earnings because of to higher personnel and marketing costs.

Revenues in the quarter improved $55 million, or 11 per cent, whilst EBITDA earnings fell 3 per cent to $139 million.

Digital revenues at Dow Jones in the quarter represented 76 per cent of total revenues in comparison to 72 p.c in the prior yr. Circulation and subscription revenues enhanced $61 million, or 17 p.c.

Circulation income grew 3 p.c, reflecting the continued development in digital-only subscriptions, largely at The Journal.

In the course of the 2nd quarter, overall normal subscriptions to Dow Jones’ shopper solutions attained about 4.9 million, a 5 p.c boost compared to the prior year. Electronic-only subscriptions to Dow Jones’ client products grew 10 p.c.

Overall subscriptions to The Wall Avenue Journal grew 4 p.c in contrast to the prior yr, to nearly 3.8 million typical subscriptions in the quarter. Digital-only subscriptions to The Journal grew 9 percent to over 3.1 million common subscriptions in the quarter, and represented 84 p.c of total  Journal subscriptions.

Study extra right here. Dow Jones is owned by Information Corp., but its fiscal final results are damaged out in its earnings.