TheStreet.com, Inc. (NASDAQ:TST) reported its results for the first quarter. Thestreet.com, Inc. together with its subsidiaries provides a variety of subscription-based and advertising-supported content and tools through a range of online platforms, including web sites, mobile devices, email services, widgets etc.
TheStreet.com, Inc. Earnings Cheat Sheet for the First Quarter
Results: Loss widened to $2.6 million (9 cents/diluted share) from $1.4 million.
Revenue: Rose 4.6% to $14.1 million YoY.
Quoting Management: “Our advertising sales pipeline remains solid, thanks both to the strong results we achieved at the end of last year in the annual ‘upfront’ sales cycle with our core advertisers, and to the efforts of our experienced direct sales teams to expand into non-endemic advertising categories. We continue to focus on growing the size of audience and volume of traffic for our network, while maintaining the quality of both, and are pleased with the progress being made. “We also have continued to expand the quality and scope of our Premium Services offerings. Subscription counts are at a three-year high, following sequential growth in seven out of the last eight quarters. Moreover, our monthly churn rate continues to improve, reaching a two-year low of 3.4%. We are very proud of the consistency of improvement in our largest line of business and feel it is a direct result of investments we made in recent quarters in upgrading our team, our technology and our services,” said Mr. Otte.
Key Stats: A year-over-year revenue increase last quarter snaps a streak of four consecutive quarters of revenue declines. The worst quarter in that span was the fourth quarter of the last fiscal year, which saw an 11.1% decrease.
Competitors to Watch: Yahoo! Inc. (NASDAQ:YHOO), Google Inc. (NASDAQ:GOOG), AOL, Inc. (NYSE:AOL), Banks.com Inc (AMEX:BNX), Microsoft Corporation (NASDAQ:MSFT), China Finance Online Co. (NASDAQ:JRJC), Time Warner Inc. (NYSE:TWX), News Corp (NASDAQ:NWSA), WebMD Health Corp. (NASDAQ:WBMD), and IAC/InterActiveCorp (NASDAQ:IACI)
Stock Performance: Shares of TST are unchanged today’s closing price of $3.60.