Time Inc. Q4 Earnings Report Reveals Drop in Total Revenue, Increase in Digital
That's a digital ad revenue increase of 63 percent
Time Inc. released the results of it 2016 Q4 earnings report today, with revenue figures that fell short of expectations.
Time’s total revenue in Q4 was $867 million, compared to an expected $872.7 million for Q4.
The decrease in revenue for the last three months of 2016 amounted to $10 million, or a 1 percent drop from Q4 in 2015. Time attributed the drop to changes in the exchange rate between the U.S. dollar and British pound that made the dollar stronger against the pound, which the company reported had a “$22 million adverse impact on Revenues for the quarter.”
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