The parent of TheStreet.com and The Deal reported a profit for the third quarter as revenue rose 14 percent, to $16.7 million, from a year ago.
Leon Lazaroff of TheStreet writes, “Profit was $400,000, or one cent per share, compared to a two cent loss from a year ago. Shares of the New York-based media company closed Wednesday at $1.44.
“TheStreet reported $13.7 million in revenue from subscriptions, newsletters and other services, an increase of 17% from a year earlier. Advertising sales grew 2% to $3 million. Web site traffic rose 26% during the first nine months of 2015.
“TheStreet posted operating income of $629,000, compared to a loss of $494,000 from a year ago, and ended the third quarter with $30.3 million in cash and cash equivalents.
“‘The third quarter showed expected improvement in our business,’ TheStreet Chairman and CEO Elisabeth DeMarse said in a statement. ‘We continue to execute on our strategic plan, focusing on growth opportunities in business-to-business subscription revenues, while maintaining our footprint in consumer businesses.'”
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