Meredith Reports Record Digital Ad Revenue for Q3 Fiscal Year 2017
Company is on pace to have highest earnings per share ever for the full year.
This morning Meredith Corporation (NYSE: MDP) reported its third quarter results for its fiscal year 2017, including total company digital advertising revenue growth of 25 percent, a third quarter record. Meredith Corp., the publisher of well-known brands like EatingWell, SHAPE, Parents and Better Homes & Gardens, also reported total company revenue of $425 million and earnings per share of $0.87. For the first nine months of fiscal year 2017, Meredith reported total company revenue of $1.3 billion, a 4 percent increase year-over-year, and total advertising revenue of $704 million, a 3 percent increase year-over-year.
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