TheStreet posts fourth-quarter loss

The Street.com posted a double-digit increase in revenue in the fourth quarter but also a loss in the three months due to transaction-related expenses.

Revenue in the fourth quarter of 2014 was $17.3 million, an increase of 17 percent from $14.8 million in the prior year period. Subscription revenue in the fourth quarter was $13.3 million, an increase of 17 percent compared to the prior year period primarily due to organic growth in subscription newsletters and The Deal pipeline, as well as revenue from the BoardEx acquisition.

Media revenue in the fourth quarter was $4.0 million, an increase of 16 percent compared to the prior year period primarily due to higher demand from both repeat and non-repeat advertisers.

Operating expenses in the fourth quarter were $18.4 million, an increase of 25 percent compared to the prior year period primarily due to transaction related costs and BoardEx operating expenses.

The net loss in the fourth quarter was $1.6 million compared to net income of $200,000 in the same quarter a year ago. The net loss for the quarter was primarily due to transaction related costs and a provision for deferred income taxes.

Adjusted EBITDA was $1.1 million in the fourth quarter compared to $1.6 million in the prior year period.

“In 2015, we will continue to focus on growing subscription across The Deal and retail platforms through strengthening our synergies as well as through improving user experience on our free sites,” said CEO Elisabeth DeMarse in a statement. “We believe that we are well positioned for future growth as we expect interest to increase and the financial markets to continue the upward movement.”