Summary:

New subscriptions and rebounding ad revenue lifted financial results for TheStreet.com’s established operations. But the company still poste…

New subscriptions and rebounding ad revenue lifted financial results for TheStreet.com’s established operations. But the company still posted a small loss last quarter as those gains were offset by continued investment in Independent Research Group LLC, the company’s securities research and brokerage segment.

Net revenues for Q2 were $9.1 million, up 43% from the year-earlier quarter. That strength reflected record-high subscription revenue in the company’s Electronic Publishing Segment, which rose 31% to $5.7 million. Advertising revenue was also strong, up 30% from the year-ago quarter to $1.9 million. For the segment, net income was $1.3 million in the second quarter.

For the IRG segment, the second-quarter net loss was $1.4 million. Net revenue in the segment was $1.2 million, up 56% from the first quarter.

The company also has a net loss of $100,000, significantly smaller than the year-earlier loss of $1.3 million, and this year’s first-quarter loss of $1.6 million.

TheStreet.com counts 76,200 subscribers, up 21% from a year earlier and up 2% from the first quarter. Average annual revenue per subscriber was $302, an increase of 9% from the quarter a year ago.

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