The Atlantic tops 1 million subscribers and is profitable

Dominick Mastrangelo
·1-min read

The Atlantic has topped 1 million subscribers and is profitable, the company announced this week.

Overall revenue for the company is up more than 10 percent year over year, while advertising booked year-to-date is also up 33 percent from 2023, it said.

Subscriptions to The Atlantic have spiked by double-digit percentages in each of the past four years and risen 14 percent since last year.

Just three years ago, the company faced a $20 million deficit and conducted widespread layoffs to its staff, The Wall Street Journal reported, noting the news organization subsequently raised subscription prices by more than 50 percent.

“Profitability is also perilous in the media industry, and we are going to continue to be highly disciplined in how we run our operations,” Editor-in-Chief Jeffrey Goldberg and CEO Nicholas Thompson wrote to staff in a note Thursday.

News of The Atlantic’s profitability comes in the face of widespread uncertainty across the media industry, with several of the nation’s largest news outlets in recent months laying off hundreds of journalists and looking to cut costs to combat with an increasingly tough digital ad market and changing news consumption habits.

For the latest news, weather, sports, and streaming video, head to The Hill.

  • Up next
  • Up next
  • Up next
  • Up next

Latest stories

  • Trading Trump: Truth Social's first month of trading has sent investors on a ride

    Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock. “If I woke up tomorrow and shares were zero dollars, or $100, I would not be surprised,” said Matthew Tuttle, a professional investor who bought $800 in Trump Media stock last week when it was at an all-time low. With Trump facing dozens of federal felony charges and hundreds of millions in legal expenses, Trump Media went public on March 26 on the Nasdaq exchange.

  • Westpac pushes back interest rate cut prediction in stark warning to Aussie borrowers

    Westpac economists have pushed back their prediction for when the Reserve Bank of Australia (RBA) will reduce the cash rate.

  • Westpac Banking Reports First Half 2024 Earnings

    Westpac Banking ( ASX:WBC ) First Half 2024 Results Key Financial Results Net loss: AU$164.0m (down by 104% from...

  • Rooting for Trump to fail has made his stock shorters millions

    Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Truth Social itself.

  • Goldman Sachs’ Top 15 Stock Picks for 2024

    In this article, we’ll take a look into Goldman Sachs’ top 15 stock picks for 2024. If you prefer to skip the introduction about the investment bank and its recent business developments, you can just dive straight into Goldman Sachs’ Top 5 Stock Picks for 2024. Established in 1869 by German immigrant Marcus Goldman, Goldman […]

  • Q3 2024 Western Digital Corp Earnings Call

    Q3 2024 Western Digital Corp Earnings Call

  • US STOCKS-Wall St rises as Big Tech charges higher

    Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over $2 trillion, while an in-line inflation reading calmed interest rate jitters. Lifting sentiment further, Microsoft rose 2.5% on beating Wall Street estimates for third-quarter revenue and profit, driven by gains from AI adoption across its cloud services. Other growth stocks also traded higher on the results, with Amazon.com and Nvidia up 2.9% and 5.0%, respectively.

  • Google parent announces first-ever dividend; beats on sales, profit; shares soar

    Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.

  • Decoding Microsoft Corp (MSFT): A Strategic SWOT Insight

    Insightful Analysis of Microsoft Corp's Latest SEC Filings and Strategic Positioning

  • Celestica Inc. (NYSE:CLS) Q1 2024 Earnings Call Transcript

    Celestica Inc. (NYSE:CLS) Q1 2024 Earnings Call Transcript April 25, 2024 Celestica Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, ladies and gentlemen, and welcome to the Celestica First Quarter 2024 Earnings Call. At this time, all […]

  • FOREX-Japan's yen tumbles to 34-year low; US dollar gains after inflation data

    The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with forecasts and affirming expectations that the Federal Reserve will likely delay cutting interest rates to later this year. The dollar's peak against the yen came after the Bank of Japan kept interest rates steady at its end of its two-day policy meeting, although it flagged future rate hikes.

  • The CEO of Jefferies Just Sold $65 Million in Shares to Buy a Yacht

    Rich Handler is reportedly taking over a boat from billionaire Tilman Fertitta.

  • S&P 500 Q1 earnings estimated growth improves; stocks up for week

    U.S. first-quarter estimated earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost to stocks this week after recent weakness. S&P 500 year-over-year earnings growth for the first quarter of 2024 is now seen at 5.6%, according to LSEG data on Friday. The latest estimate is based on results from 229 of the S&P 500 companies and forecasts for the rest, with about 78% of reports beating analysts' earnings expectations.

  • Alphabet, Microsoft earnings show hefty AI bets are driving growth

    (Reuters) -Alphabet and Microsoft ignited a rally in technology stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their costly bets would take time to pay off after a soft forecast from Meta Platforms. Alphabet surged 10% and closed with a stock market value above $2 trillion for the first time, according to LSEG data, after the company sweetened the pot for investors with its maiden dividend and a $70 billion stock buyback. Microsoft gained nearly 2% and added about $54 billion to its market value.

  • US inflation rises in line with expectations in March

    U.S. inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday. Data for February was unrevised to show the PCE price index gaining 0.3% as previously reported.

  • Anglo Rejects BHP Takeover Bid as Significantly Undervalued

    (Bloomberg) -- Anglo American Plc has rejected a $39 billion takeover proposal from BHP Group, saying it significantly undervalues the company.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityHuawei’s New Phone Runs Latest Version of Made-in-China ChipUnder the

  • BOJ keeps low rates, hints of future rate hikes fail to stem yen fall

    TOKYO (Reuters) -The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit its target of 2% in coming years, signalling its readiness to hike borrowing costs later this year. BOJ Governor Kazuo Ueda said the central bank would raise interest rates if fresh data back up its latest price forecasts or if inflation overshoots the projections. But he offered few clues on when the next rate hike will come and ruled out shifting to a full-fledged reduction in the BOJ's bond purchases, underscoring its focus on keeping borrowing costs low even at the cost of accelerating yen falls.

  • With a 71% stake, Red Hill Minerals Limited (ASX:RHI) insiders have a lot riding on the company

    Key Insights Insiders appear to have a vested interest in Red Hill Minerals' growth, as seen by their sizeable...

  • Taylor Wimpey plc's (LON:TW.) Intrinsic Value Is Potentially 99% Above Its Share Price

    Key Insights Using the 2 Stage Free Cash Flow to Equity, Taylor Wimpey fair value estimate is UK£2.67 Taylor Wimpey's...

  • What Is Link Administration Holdings Limited's (ASX:LNK) Share Price Doing?

    While Link Administration Holdings Limited ( ASX:LNK ) might not have the largest market cap around , it maintained its...