Record Revenues on TheStreet.com (TSCM)

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TheStreet.com (NASDAQ: TSCM) has just posted earnings at $0.17 pro forma EPS on a 38% jump in revenues to a record $19.9 million.  First Call had estimates at $0.16 on $19.95 million in revenues.

TheStreet.com reported a 125% year-over-year increase in non-financial advertising revenue, which is now 52% of ad revenues; total advertising revenue reached a record $6.8 million, which is a 43% increase over Q4-2006.  Paid services revenue in the fourth quarter of 2007 (subscription, syndication, licensing and information services) rose 8% to $10.4 million for the quarter.  Syndication is winning out over subscriptions it looks like: subscription revenues fell 4% to $8.5 million while syndication, licensing, and info services rose 142% to $1.9 million.

Jon C. Ogg
February 21, 2008