Meredith Reports Total Revenue of $743 Million in Q3 FY2019
Driven by advertising and consumer-related revenue, including subscription revenue
Media and marketing company Meredith Corporation (NYSE: MDP) reported total company revenue of $743.4 million, an increase of 14.1% year-over-year, for the third quarter of its fiscal year 2019. Total revenue growth was driven by significant increases in advertising and consumer categories. Advertising revenue was $365.6 million, a 12.7% increase year-over-year, and consumer revenue was $359.0 million, 27.6% increase year-over-year. Consumer revenue includes subscriptions, brand licensing, affiliate marketing, lead generation, affinity marketing and paid products. Meredith’s “other” revenue was $18.8 million, compared to $45.2 million for the same period last year.
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