Highlighted News

Dow Jones, operator of WSJ, Barron’s reports strong third quarter

Dow Jones & Co., the operator of The Wall Street Journal, Barron’s and MarketWatch.com, reported a 16 percent increase in third quarter revenue and a 7 percent increase in third quarter earnings on Thursday.

Dow Jones is owned by News Corp., which reported its overall earnings.

Its revenue rose to $487 million in the third quarter ended March 31 from revenue of $421 million in the same quarter a year ago. EBITDA earnings rose to $88 million in the third quarter, up from EBITDA earnings of $82 million in the third quarter that ended March 31, 2021.

Revenue rose due to the the acquisitions of Investor’s Business Daily and the Oil Price Information Services business and related assets. The OPIS acquisition closed on Feb. 28, 2022.

Adjusted revenues at Dow Jones rose  9 percent compared to the prior year, primarily due to the growth in circulation and subscription revenues from continued digital subscription gains and higher advertising revenues.

Digital revenues at Dow Jones in the quarter represented 76 percent of total revenues compared to 74 percent in the prior year.

Digital circulation revenues accounted for 68 percent of circulation revenues for the quarter, compared to 64 percent in the prior year.

During the third quarter, total average subscriptions to Dow Jones’ consumer products reached over 4.8 million, a 14 percent increase compared to the prior year, and includes 122,000 Investor’s Business Daily subscriptions, the majority being digital-only. Digital-only subscriptions to Dow Jones’ consumer products grew 19 percent.

Total subscriptions to The Wall Street Journal grew 10 percent compared to the prior year, to over 3.7 million average subscriptions in the quarter. Digital-only subscriptions to The Journal grew 16 percent to over 3 million average subscriptions in the quarter, and represented 82 percent of total Journal subscriptions.

The release can be found here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

1 day ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

1 day ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

1 day ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

1 day ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

1 day ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

1 day ago