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Dow Jones profit, revenue rise in the fourth quarter

Published on .

New York—Dow Jones & Co., publisher of The Wall Street Journal , Thursday reported its fourth-quarter profit rose  to $41.2 million from $36.0 million a year earlier. Revenue climbed to $483.0 million, up from $437.0 million.

The company attributed the revenue increase to its acquisition of MarketWatch, an online financial news provider, and the launch of the “Weekend Edition” of the Journal. Dow Jones also publishes Barron’s and the Dow Jones Newswires.

For the full year, Dow Jones earned $60.0 million, or 73 cents per share, down from $96.0 million, or $1.21 per share, in 2004. Excluding special items, full-year earnings were 98 cents per share. Revenue rose to $1.80 billion.

Print ad revenue  in the fourth quarter rose to $256.0 million from $248.0 million a year earlier, mainly due to higher revenue for the U.S. and international editions of the Journal. However, print ad revenue for the full year fell to $916.0 million, from $949.0 million. The decline can be attributed to the Journal’s heavy exposure to the still-struggling technology and financial advertising sectors.

Online ad revenue increased to $134.0 million, from $100.0 million a year earlier. For the full year, electronic revenue rose to $507.0 million, from $381.0 million in 2004.

—Matthew Schwartz

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