WSJ parent reports rise in revenue, profit for quarter

Dow Jones, the parent of The Wall Street Journal, Barron’s, MarketWatch.com and Investor’s Business Daily, saw its second quarter revenue and and profits increase due to circulation and advertising gains.

Revenue overall increased 8% year-over-year to $648 million, with 82% of total revenue now coming from digital. Earnings before interest, taxes, depreciation and amortization for the quarter was up 10% compared to the same period last year, to $191 million, and marking the fourth consecutive quarter of double-digit growth.

Dow Jones digital circulation revenue grew 7%. Total circulation revenue, including both print and digital, was up 3% year-over-year. Digital subscription volume was up 12% to 6.0 million, and total subscription volume surpassed 6.5 million for the quarter. Journal subscriptions ended the quarter at 4.68 million.

Dow Jones digital advertising saw 12% revenue growth to a quarterly record $87 million, with total advertising revenue up 10% compared to the same period in the previous fiscal year.

The News Corp. earnings release can be found here. The company breaks out Dow Jones financial results.

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.