• by Ray Schultz , August 8, 2024

Dow Jones generated $2.2 billion in its 2024 fiscal year -- a 4% increase over FT23, the company reported late Thursday afternoon.  

This increase was driven largely by digital revenue growth. Digital accounted for 80% of total revenue in Q4, up 2% from the same quarter last year. 

Total advertising revenue for the year fell by 2% due to continuing declines in print YoY, but digital advertising was up 4%.

Dow Jones now has 5.8 million total consumer subscriptions, representing 11% growth for the year. 

But its digital subscriptions, which now total 5.2 million across the Dow Jones portfolio, grew by 15%, while Wall Street Journal subscriptions rose by 11%. 

The overall Dow Jones B2B business saw a revenue increase of 11% to $844 million YoY. This was fueled by 16% growth in Dow Jones Risk and compliance, due to demand from the financial and corporate sectors.

Dow Jones Energy posted a 16% revenue increase, and is on a continuing growth trajectory after OPIS and CMA became part of the company roughly two years ago.