Dow Jones studies leap in income and earnings

Dow Jones & Co., the father or mother of The Wall Road Journal, MarketWatch.com and Barron’s, reported a 9 p.c enhance in income and a 24 p.c enhance in third-quarter income, primarily on account of acquisitions.

The corporate is owned by Information Corp., which separates its monetary efficiency. Third-quarter income elevated to $529 million whereas EBITDA income elevated to $109 million.

Digital revenues at Dow Jones within the quarter represented 79 p.c of complete revenues in comparison with 76 p.c within the prior yr. Circulation and subscription revenues elevated $49 million, or 13 p.c, which incorporates the contributions from the acquisitions of OPIS and CMA.

Circulation income declined 1 p.c, primarily on account of decrease print quantity and decrease revenues from Investor’s Enterprise Day by day, partially offset by the continued progress in digital-only subscriptions, primarily at The Journal. P

Through the third quarter, complete common subscriptions to Dow Jones’ client merchandise reached over 5.1 million, a 6 p.c enhance in comparison with the prior yr. Digital-only subscriptions to Dow Jones’ client merchandise grew 10 p.c.

Whole subscriptions to The Journal grew 5 p.c in comparison with the prior yr, to almost 3.9 million common subscriptions within the quarter. Digital-only subscriptions to The Journal grew 9 p.c to three.3 million common subscriptions within the quarter, and represented 85 p.c of complete Journal subscriptions.

The earnings launch could be discovered here.