Earnings: TheStreet.com Q4 Revs Up 38 Percent; Net Income Up 19 Percent


TheStreet.com (NSDQ: TSCM) reported Q4 revenue of $19.9 million, a year-over-year increase of 38 percent from $14.4 million. Net income grew 19 percent to $4.7 million from $4.0 million. Including a one-time, non-cash dividend made to its equity investor, Technology Crossover Ventures, net income was only been $2.8 million. Ad revenue in the quarter, grew 43 percent, to $6.8 million, while marketing services revenue nearly doubled to $9.5 million, from $4.8 million. However, this increase includes $2.7 million in revenue from the company’s purchase of Promotions.com, which it acquired last August for $20.7 million. The announcement touts the 125 percent revenue gain the company has seen from non-financial advertisers. Non-financial advertising now accounts for 44 percent of total ad revenue.

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