A. H. Belo Corporation Announces
First Quarter 2017 Financial Results
Digital and marketing services revenue grew 12.4 percent in 2017 compared to 2016, primarily from DMV, which grew $2.1 million, or 66.8 percent
Digital and marketing services revenue represented 36.8 percent of 2017 total advertising and marketing services revenue compared to 32.7 percent in 2016
Total advertising and marketing services revenue of $35.2 million in 2017 was flat compared to 2016
Acquired the remaining interests in DMV Digital Holdings Company and Your Speakeasy, LLC
DALLAS - A. H. Belo Corporation (NYSE: AHC) today reported first quarter 2017 net loss attributable to A. H. Belo Corporation (the “Company”) of $(4.4) million, or $(0.21) per share. In the first quarter of 2016, the Company reported net loss attributable to A. H. Belo Corporation of $(0.6) million, or $(0.03) per share.
In the first quarter of 2017, on a non-GAAP basis, the Company reported operating loss excluding certain items (“adjusted operating income (loss)”) of $(0.8) million, a decrease of $2.7 million, or 145.8 percent, when compared to adjusted operating income of $1.8 million reported in the first quarter of 2016.
Jim Moroney, chairman, president and Chief Executive Officer, said, “As I mentioned during the 2016 earnings calls, we continue to work to decrease our dependency on print related revenues. To that end, in the first quarter of 2017 we purchased the remaining interests in both DMV and Speakeasy. As you heard me say repeatedly last year, the growth in these companies, and their ability to provide ROI-based marketing solutions to our customers, has been exceptional. With the remaining acquisition of these companies now complete, we can resume looking for investments which complement our current suite of marketing services and improve our ability to earn our customers a return on their marketing investment with our company.
“Digital and marketing services grew 12.4 percent in 2017 compared to 2016, driven