The financial website TheStreet.com reported Wednesday a net loss of $1.7 million in the second quarter while delivering its highest revenue total in nearly three years.
“On an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) basis, TheStreet earned $700,000 in the latest three months, down slightly from equivalent earnings of $900,000 in the year-ago period.
“‘While the growth rates we experienced in the first quarter moderated as the level of uncertainty in the global financial markets increased and advertisers and investors became more cautious — particularly as the quarter progressed — we nonetheless saw a number of key proof points which confirm to us that the Company’s strategy is gaining traction,’ said Daryl Otte, the company’s CEO, in a press release. ‘Notably, revenue in both our ongoing businesses continued to grow and in total represented the highest it has been in eleven quarters.’
“TheStreet said average monthly unique visitors to its network of sites jumped 33% year over year in the second quarter, according to internal measurements, and that its average number of paid subscriptions totaled 93,125 in the second quarter, a 3.8% increase from year-ago levels.”
Read more here.
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…
Clare Fieseler has been hired by Politico and subsidiary E&E News to cover renewable energy,…