A. H. Belo Corp (AHC) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
A. H. Belo Corp
Ticker: AHC CIK: 1413898

Exhibit 99.1

A. H. Belo Corporation Announces First Quarter 2018 Financial Results

 Digital subscriptions grew by 8,036 subscribers, or 44.2 percent, in 2018 compared to 2017

 Operating expense decreased $10.2 million, or 15.5 percent, in 2018 compared to 2017

DALLAS - A. H. Belo Corporation (NYSE: AHC) today reported first quarter 2018 net loss of $(4.0) million, or $(0.19) per share. In the first quarter of 2017, A. H. Belo Corporation (the “Company”) reported net loss of $(4.4) million, or $(0.21) per share.

In the first quarter of 2018, on a non-GAAP basis, the Company reported operating loss adjusted for certain items (“adjusted operating loss”) of $(2.5) million, a decrease of $1.7 million, or 198.7 percent, when compared to adjusted operating loss of $(0.8) million reported for the first quarter of 2017.

Jim Moroney, chairman, president and Chief Executive Officer, said, “During the first quarter, we grew our paid digital subscriber base by 8,036 subscribers, or 44.2 percent, over the first quarter 2017, ending the first quarter 2018 with 26,206 paid digital subscribers. It is imperative that we continue to build our base of consumer revenue and our results in the first quarter show real progress. Also, we continued to decrease our dependence on print advertising revenue. For the first quarter, total digital and marketing services revenue, excluding the impact of the new revenue guidance, was 41.1 percent of total advertising and marketing services revenue, reflecting a 430 basis point increase when compared to the 36.8 percent reported in the first quarter of 2017. Total digital and marketing services revenue was 22.4 percent of total revenue, reflecting a 110 basis point increase when compared to the 21.3 percent reported in the first quarter of 2017. Fortunately, we had implemented strong cost reduction actions in 2017, which contributed to total adjusted operating expense being 10.8 percent lower than the first quarter in the prior year.”

The following information was filed by A. H. Belo Corp (AHC) on Wednesday, May 2, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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