TheStreet recently reported that it saw its online subscription revenues increase 13% compared to the same quarter the previous year, for a total of $10.4 million.The increase is largely attributed to TheStreet’s acquisition of The Deal last September for $5.8 million, which allowed the company to add new newsletter subscriptions to its existing subscription services (which already included six newsletter subscriptions and a host of other subscription services). The number of paid subscriptions by the end of Q1 was 76,090, an increase of 3.5% from the previous quarter.However, the company also posted a loss of $1.7 million, and advertising revenue seems to have taken a significant hit, dropping 40% in Q1 to $2.2 million.Total revenue for Q1 was reported as $12.6 million, while operating expenses were estimated at $14.4 million, indicating that TheStreet still needs to adjust its business model to be financially sustainable.
TheStreet Makes $10.4 Million from Online Subscriptions
TheStreet recently reported that it saw its online subscription revenues increase 13% compared to the same quarter the previous year, for a total of
- Filed in Business Services, Business Strategy, FInance, News
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