Dallasnews Corporation ( (DALN) ) has released its Q3 earnings. Here is a breakdown of the information Dallasnews Corporation presented to its investors.
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DallasNews Corporation is a Dallas-based company that operates The Dallas Morning News, Texas’ leading daily newspaper, and Medium Giant, a full-service advertising agency. The company focuses on providing news, subscriptions, and advertising services across print and digital platforms.
In the third quarter of 2024, DallasNews Corporation reported a net loss of $3.9 million, which is a deterioration compared to the $1.4 million loss in the same period last year. Despite the net loss, the company showed a slight improvement in adjusted operating loss due to expense savings.
Key figures from the third-quarter results include a total revenue of $31.1 million, a decrease of 9.7% from the previous year, primarily due to the termination of the shared mail program and print-only niche publications. Advertising and marketing services revenue stood at $12.0 million, with notable declines in print advertising offset by an increase in digital advertising revenue. Circulation revenue slightly decreased, but digital subscriptions saw an 8.8% increase, indicating a strategic shift towards digital growth.
The company’s efforts to optimize subscription strategies have started to yield positive results, ending a 14-month decline in volume. While these changes are yet to significantly boost revenue, management is optimistic about the consumer response to the new pricing strategy.
Looking forward, DallasNews Corporation remains focused on returning to sustainable profitability. The company is expected to continue refining its digital strategies and manage operational costs effectively, aiming for long-term growth and stability.
