Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and MarketWatch.com, reported a 6 percent increase in third quarter revenue to $421 million, primarily due to growth in circulation and subscription and digital advertising revenues.
Digital revenues at Dow Jones in the quarter represented 74 percent of total revenues compared to 68 percent in the prior year.
Circulation and subscription revenues increased $26 million, or 9 percent, including a $4 million, or 2 percent, positive impact from foreign currency fluctuations. Circulation revenue grew 8 percent, reflecting the continued strong growth in digital-only subscriptions, partially offset by lower single-copy and amenity sales related to COVID-19.
During the third quarter, Dow Jones saw the highest year-over-year increase in total subscriptions and digital-only subscriptions for both The Journal and total Dow Jones’ consumer products in its history.
Total subscriptions to Dow Jones’ consumer products reached a record 4.27 million average subscriptions for the quarter, a 19 percent increase compared to the prior year, of which digital-only subscriptions grew 29 percent.
Total subscriptions to The Journal grew 21 percent compared to the prior year, to a record 3.38 million average subscriptions in the quarter. Digital-only subscriptions to The Journal grew 29% to 2.63 million.
See all of the results here. News Corp. owns Dow Jones and breaks out its operating results.
