This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TheStreet.com Reports Higher Earnings

Updated from 7:30 a.m. EDT

While the advertising market continues to dry up for traditional media outlets, the 77% gain in third-quarter ad revenue reported Thursday by TheStreet.com (TSCM), the publisher of this Web site, suggests that the Internet is a much different story.

In what is traditionally a seasonally slow quarter, TheStreet.com recorded ad revenue of $3.7 million, its largest quarterly total in six years. The increase helped power the online financial-news provider to a 93% jump in third-quarter profits.

TheStreet.com said it earned $3.1 million, or 11 cents a share, for the quarter, up from $1.6 million, or 6 cents a share, a year earlier. The earnings per share matched the average estimate of two analysts polled by Thomson First Call.

TheStreet.com's third-quarter revenue rose 58% to $12.9 million from $8.2 million in the year-ago period. In addition to the 77% gain in advertising revenue, revenue from subscriptions to premium services rose 49%, and other revenue increased 108%.

Revenue from nonfinancial advertisers jumped 145% in the quarter. That segment made up 30% of its total ad revenue mix, compared to 22% in last year's third-quarter and 19% in the second quarter of this year.

During the quarter, TheStreet.com acquired Weiss Ratings for $4.7 million in a bid to broaden its online content and widen its audience. The company said the transaction is expected to be break even or slightly accretive to its full-year net income.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,328.04 +62.05 0.36%
S&P 500 2,017.97 +6.61 0.33%
NASDAQ 4,607.4410 +14.0160 0.31%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs