Dow Jones & Co., the parent of The Wall Street Journal, MarketWatch.com, Barron’s and Investor’s Business Daily, reported a 3% increase in revenue and a 6% increase in operating income for the first quarter.
The company, a subsidiary of News Corp., reported revenue of $552 million and EBITDA earnings of $131 million, up from $537 million and $124 million, respectively, in the same quarter a year ago.
Digital revenues at Dow Jones in the quarter represented 82% of total revenues compared to 81% in the prior year.
Circulation revenues increased 1% compared to the prior year, as the continued growth in digital-only subscriptions was mostly offset by lower print volume. Digital circulation revenues accounted for 72% of circulation revenues for the quarter, compared to 70% in the prior year.
During the first quarter, total average subscriptions to Dow Jones’ consumer products were over 5.9 million, an 11% increase compared to the prior year. Digital-only subscriptions to Dow Jones’ consumer products grew 15% to over 5.3 million.
Total subscriptions to The Journal grew 7% compared to the prior year, to nearly 4.3 million average subscriptions in the quarter.
Digital-only subscriptions to The Journal grew 10% to over 3.8 million average subscriptions in the quarter, and represented 90% of total Journal subscriptions.
See all of News Corp.’s earnings here.
