MSLO Online Revs Rise 12 Percent


Credit: Splash News

Online revenues for Martha Stewart Living Omnimedia (NYSE: MSO) benefited from the ad recovery in Q2, a period in which the company ramped up its focus on mobile. Overall, however, revenues declined slightly though the company was able to narrow its net loss considerably, to $803,000 from $6.1 million in Q209. The online segment’s revenues were $4.7 million in Q2, up 12 percent. Adjusted EBITDA for the online business was essentially breakeven, down slightly from $0.1 million in the prior year

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