Dow Jones & Co., the parent of The Wall Street Journal, MarketWatch.com, Barron’s and Investor’s Business Daily, reported an 8 percent increase in revenue in the first quarter due to higher circulation and licensing revenue.
Revenue for the three months ended Sept. 30 rose to $630 million from $586 million in the same quarter a year ago.
Earnings before interest, taxes, depreciation and amortization rose 11 percent to $160 million from $144 million in the first quarter of fiscal 2027.
Digital revenues at Dow Jones in the quarter represented 85% of total revenues compared to 84% in the prior year.
Circulation and subscription revenues increased $33 million, or 7 percent, reflecting higher circulation and licensing revenues and a 5 percent increase in professional information business revenues, led by 11 percent growth in Dow Jones Risk & Compliance revenues to $104 million and 8 percent growth in Dow Jones Energy revenues to $79 million.
Circulation revenues increased 4 percent compared to the prior year driven by higher digital direct subscription ARPU and continued growth in digital-only subscriptions. Digital circulation revenues accounted for 76 percent of circulation revenues for the quarter, compared to 75 percent in the prior year.
During the first quarter, total average subscriptions to Dow Jones’ news products were over 6.9 million, an 8 percent increase compared to the prior year. Digital-only subscriptions to Dow Jones’ news products grew 10 percent to nearly 6.5 million. Total subscriptions to The Journal grew 9 percent compared to the prior year, to 5.0 million average subscriptions in the quarter.
Dow Jones is owned by News Corp., which breaks out its financial performance.
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