Media News

Dow Jones earnings and revenue up slightly

Dow Jones & Co., the parent of The Wall Street Journal, Investor’s Business Daily, MarketWatch.com and Barron’s reported a 3% increase in revenue and an 8% increase in earnings in the third quarter.

Dow Jones is a division of News Corp., which reported earnings. The company breaks out Dow Jones’ performance.

Revenue rose 3% to $544 million, from $529 million in the third quarter of 2023. And EBITDA earnings rose 8% to $118 million from $109 million in the same quarter a year ago.

Advertising revenue fell $2 million, or 2%.

Digital revenues at Dow Jones in the quarter represented 81% of total revenues compared to 79% in the prior year.  Circulation and subscription revenues increased $19 million, or 4%. Circulation revenues were flat compared to the prior year, as the continued growth in digital-only subscriptions, which partially benefited from an increase in bundle offers, was offset by lower print volume.

Digital circulation revenues accounted for 70% of circulation revenues for the quarter, compared to 69% in the prior year.

During the third quarter, total average subscriptions to Dow Jones’ consumer products were over 5.7 million, a 12% increase compared to the prior year. Digital-only subscriptions to Dow Jones’ consumer products grew 17% to over 5 million. Total subscriptions to The Journal grew 8% compared to the prior year, to over 4.2 million average subscriptions in the quarter.

Digital-only subscriptions to The Journal grew 13% to over 3.7 million average subscriptions in the quarter, and represented 88% of total Journal subscribers.

Dow Jones achieved its highest sequential quarterly net additions for digital subscriptions of 322,000.

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.

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