Earnings: Dow Jones Online Ad Rev Up 26 Percent In 1Q06; WSJ.com Down Slightly To 761,000 Paid Subs,

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Dow Jones Online continues to contribute to the Dow Jones bottomline. The company’s 1Q06 revenue was $452.2 million, up 9.7 percent over the previous year, with ad revenue increases at DJO and the print WSJ as prime drivers. Net income rose to $61.5 million, a substantial improvement from $8.1 million last year. But the earnings per share of $0.74, boosted by a settlement, was $0.14 per share excluding special items. Thomson First Call had an estimate of $0.15.
Dow Jones is one of the few companies that breaks out online in earnings releases (although it still doesn’t go as far we’d like):
— Dow Jones Online ad revenue up 26 percent; pro forma it would be about 15 percent.
— WSJ.com paid subs increased to 761,000 from 731,000 year over year. However, subscriptions were down sequentially from 768,000 at the end of 2005 as some subscribers switched to Barrons.com standalone.
— Barrons.com had 59,000 paid subs at the end of its first quarter as a standalone subscription.
— Unique traffic to MarketWatch.com was down 1.5 million a month compared to the previous year — 5.7 million from 7.1 million. DJ says that traffic is trending up.
Also, Factiva revenues rose to $70.7 million from $68.1 million but operating income dropped to $2.78 million from $3.67 million. Earnings release | Financials | Webcast

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