paidContent.org - The Economics of Content

Current Story

TheStreet.com Losses Increase; Revs Drop

By Rafat Ali - Thu 21 Oct 2004 12:10 PM PST

Strange turn for TheStreet.com: Its revenues--at $8.7 million--have dropped 5 percent since last quarter, even though they rose 30 perent form the year-ago quarter. The company’s electronic publishing segment recorded net revenue of $7.7 million, a 21% increase over the same period last year and a 3% decrease from last quarter. The research group hurt them this quarter: Independent Research Group, the company’s securities research and brokerage segment, recorded net revenue of $1.0 million, a decrease of $0.2 million from Q2.

Net loss was $1.2 million, on a one-time, non-cash lease termination charge of $0.4 million related to the exit of its Wall Street office space. Without this charge, net loss would have been $0.8 million.

“We certainly saw that investor concerns about the economy, as evidenced by the lowest level of NYSE trading volume in almost three years, contributed to the challenges we faced during the third quarter,” said Thomas Clarke, CEO of TheStreet.com, in a statement…

Posted in: Information, Biz & Fin, Money, Earnings, Acacia, TSCM



Related Research from Alacrastore.com
0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

FOBM Conference - Oct 28 | Edison Ballroom | NYC

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters