Salon Media Group, Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 08, 2018 at 09:25 pm
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Salon Media Group, Inc. announced unaudited earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company's net revenue was $1.247 million compared with $1.226 million a year ago. Loss from operations was $0.587 million compared with $0.980 million a year ago. Net loss attributable to common stockholders was $0.696 million or $0.06 per basic and diluted share compared with $6.272 million or $0.06 per basic and diluted share a year ago. The increase in revenue was a result of a continued industry shift in online advertising from advertising sold by a direct sales team to advertising increasingly being sold through software-based “programmatic” technology. The decrease in losses resulted from a nominal increase in revenues and a decrease in operating expenses. In
For the nine months, the company's net revenue was $3.868 million compared with $3.516 million a year ago. Loss from operations was $1.650 million compared with $2.673 million a year ago. Net loss attributable to common stockholders was $2.062 million or $0.01 per basic and diluted share compared with $7.987 million or $0.09 per basic and diluted share a year ago.
Salon Media Group, Inc. is an independent publication company. The Company covers news and politics, alongside its coverage of culture and entertainment, science and health, and food. The Company has driven the national conversation through journalism distributed across Salon.com, Salon TV, social media, news platforms, email newsletters and mobile applications. Its content, including its flagship show, Salon Talks, and other Salon TV programming, reaches an audience of approximately 10 million monthly new visitors. The Companyâs publication is free. It also offers monthly subscription for ad-free publication. The Company covers national news and politics, and science and health through investigations, insightful reporting, commentary and analysis. It covers television (TV), movies, books, entertainment and culture news through insightful reporting, criticism, commentary and analysis. Its Life Stories section features insightful commentary and essays about the human experience.