News Brief
TheStreet.com Posts 12.5% Jump in Q2 Profits
Jul 27, 2007, 6:00 AM
Second-quarter profits at TheStreet.com were up 12.5% year-over-year thanks to growing subscriptions and advertising revenue. That amounted to $3.6 million, compared to the $3.2 million recorded in second-quarter 2006. Revenue was up 20% to $14.9 million year-over-year from $12.4 million. Notably, non-endemic ad revenue rose 206% year-over-year, representing 39% of the site's total ad revenue this quarter.
Significant advances made over the past year included acquiring the URL for MainStreet.com, which is now being developed as a sister site with an ad-sponsored revenue model along with a lead-generation component.
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