The chart below shows how DALN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DALN sees a +0.84% change in stock price 10 days leading up to the earnings, and a +11.66% change 10 days following the report. On the earnings day itself, the stock moves by -1.63%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Adjusted Operating Loss Improvement: 1. Improved Adjusted Operating Loss: The company reported an adjusted operating loss of $700,000, an improvement of $200,000 compared to the adjusted operating loss of $900,000 in Q3 2023.
Expense Reduction Achievements: 2. Expense Savings: Total adjusted operating expenses improved by $3.5 million, driven by savings of $1.9 million in distribution, $1.2 million in employee compensation and benefits, and $1.1 million in newsprint costs.
Digital Subscriber Increase: 3. Digital Subscription Growth: The digital-only subscription rates increased by approximately 13.5%, contributing to a net gain of over 3,100 digital subscribers since the new pricing strategy was implemented in early September.
Marketing Revenue Increase: 4. Marketing and Media Services Revenue Growth: Marketing and media services revenue improved by $900,000, primarily due to two new customer contracts that began in the third quarter.
Pension Plan Stability: 5. Strong Pension Plan Funding: The pension plans are currently over 90% funded, with no mandatory contributions required in the near term, indicating a strong financial position for future obligations.
Negative
Rising Net Loss: 1. Increased Net Loss: DallasNews Corporation reported a net loss of $3.9 million in Q3 2024, a significant increase from a net loss of $1.4 million in Q3 2023.
Operating Loss Increase: 2. Operating Loss Worsening: The company experienced an operating loss of $4.1 million in Q3 2024, compared to an operating loss of $1.6 million in the same quarter last year.
Revenue Decrease Impact: 3. Revenue Decline: Total revenue decreased by $3.4 million primarily due to the discontinuation of the shared mail program and niche publications, negatively impacting overall financial performance.
Subscriber Decline Analysis: 4. Subscriber Loss: Total subscribers fell to 124,886 as of September 30, 2024, down from 137,493 a year earlier, indicating a loss of 12,607 subscribers year-over-year.
Digital Advertising Revenue Decline: 5. Decline in Digital Advertising Revenue: Digital advertising revenue from dallasnews.com decreased by 1% through September 2024, contributing to overall revenue challenges despite some improvements in other areas.
DallasNews Corporation (DALN) Q3 2024 Earnings Call Transcript
DALN.O
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