Blog Post

What’s Wrong With WSJ.com And DJ?

I won’t say much, but let the numbers do the talking: Dow Jones came out with its Q2 earnings numbers, and its consumer electronic publishing division–which consists of WSJ.com, related vertical sites, licensing and radio/audio–has seen slow growth. WSJ.com has about 11,000 less subscribers in Q2 compared to Q1 this year….

So here’re the numbers (keep in mind that ad revenues at other media sites have been increasing like crazy…I’m sure WSJ.com is also reaping the benefits, but something’s surely hampering the kind of growth it should have.)

DJ Consumer Electronic Publishing (the dollar numbers are in thousands…)

(WSJ.com Subscriber Numbers—-$Revenues of DJ Consumer Electronic)

Q2 04: 684,000     $19,893

Q1 04: 695,000     $18,169

Q4 03: 689,000     $19,509

Q3 03: 686,000     $16,254

Q2 03: 671,000     $17,582

Q1 03: 675,000     $15,371

Q4 02: 679,000     $13,890

Q3 02: 664,000     $12,029

Q2 02: 646,000     $12,843

Q1 02: 640,000     $11,468

On the other hand, the B2B information service Factiva (a DJ-Reuters joint venture) has seen steady growth in operating income, through revenues again are not exactly rising at a blistering pace. But then, B2B subscription-based info works on different dynamics than consumer…

Factiva’s Revenues & Operating Income (the dollar numbers are in thousands…)

Q2 04: $66,637    $8,709

Q1 04: $63,534    $4,260

Q4 03: $61,834     $5,328

Q3 03: $59,162     $3,045

Q2 03: $61,804     $2,608

Q1 03: $62,153     $2,284

Q4 02: $61,413     $331 (Reduced income due to restructuring)

Q3 02: $62,327     $6,590

Q2 02: $61,720     $2,786

Q1 02: $63,426     $4,651

Related:

Second Look: Are WSJ.com Numbers Really Increasing?

Factiva Completes Five Years