TheStreet.com’s Subscriptions Surge: TheStreet.com said it lost $1.2 million, vs. a loss of $6.2 million in the year-ago quarter. Revenues rose to $6 million, up 55 percent from the same period last year. However, the company also reported a 64 percent year-over-year leap in revenue from subscriptions in the fourth quarter to $4.3 million. Ad revenues climbed 30 percent to $1.4 million.
“Subscription revenue…rose to $4.3 million, an increase of 64 percent over the same period last year and an increase of 7 percent from Q3’02. This is the highest quarterly subscription revenue in the company’s history. Subscription revenue for the year totaled $14.9 million, a 64 percent increase over the $9.1 million in 2001. Subscription bookings for the fourth quarter totaled $4.2 million, an increase of 90 percent over the same period last year and a 5 percent increase from the third quarter 2002. For the full year 2002, subscription bookings totaled $17.6 million, a 108 percent improvement from $8.5 million booked in 2001.”
To hear TSCM’s earnings conference call (Feb. 11, 11 Am EST), click here.