Categories: OLD Media Moves

TheStreet.com's profit doubles

Business and financial news web site TheStreet.com reported fourth-quarter profits that were more than double the same quarter in 2005, according to an AP story about the earnings.

The story stated, “TheStreet.com earned $4 million, or 14 cents per share, in the fourth quarter, up from $1.8 million, or 7 cents per share, in the year-earlier period. Revenue rose 44% to $14.4 million in the latest quarter.

“Analysts polled by Thomson Financial forecast 13 cents per share profit on $14 million revenue.

“TheStreet.com makes money by booking subscriptions to its investment news Web site and running advertisements. The company said it is looking for more ways to deliver advertising revenue by expanding the site.

“In the fourth quarter, Chief Executive Thomas Clarke Jr. said the company boosted ad revenue via ‘more content initiatives such as TheStreet.com TV and TheStreet.com Ratings on our free site.’

“Advertising revenue in the fourth quarter rose 49% to $4.8 million. Subscription revenue rose 36% to $8.8 million.”

Read more here.

Recent Posts

Advocate seeks a business reporter in Baton Rouge

The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…

7 hours ago

MLex seeks a reporter in Washington

MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…

7 hours ago

Austin Biz Journal seeks an economic development reporter

The Austin Business Journal seeks a staff writer to cover economic development in one of…

7 hours ago

Forbes journalist in Russia placed under house arrest

A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…

8 hours ago

Investor’s Business Daily turns 40

Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…

8 hours ago

Fieseler to cover renewable energy, climate and tech for Politico/E&E News

Clare Fieseler has been hired by Politico and subsidiary E&E News to cover renewable energy,…

8 hours ago