24/7 Wall St. doubles visitors, profit in first quarter
24/7 Wall St., a financial news and opinion site, doubled its visitors and its profits during the first three months of 2014, according to CEO and editor in chief Douglas A. McIntyre.
Unique visitors per month average rose from 1.885 million in the first three months of 2013 to 3.585 million in the first quarter this year.
Revenue rose to $769,000 in the first quarter from $479,000 in the first quarter of 2013.
And net income rose $543,000 from $262,000 for the same periods.
“It is gratifying that with a modest increase in expenses we have been able to push revenue higher,” said McIntyre in an email to Talking Biz News. “It has always been important for us to have high margins, if for no other reason that advertising is an unpredictable business. Each person who works at 24/7 has a great deal of autonomy and responsibility, and the results show how well each member of the staff has done. At the current rate, we have a chance to make $2 million this year, which would be double 2013.”