Guardian U.S. Lost $15.85 Million on Revenue of $15.5 million Last Year

The Guardian’s U.S. operation took in $15.5 million in revenue but suffered a $15.85 million net loss in the 12 months ending April 2016, POLITICO has learned. It initially believed that it could more than double its revenue this year, to $32.2 million, but has since slashed its revenue forecast by more than $12 million.

Late last year, Guardian U.S. CEO Eamonn Store laid out the company’s revenue projections for the next two years — $32.2 million in fiscal year 2016–17 (i.e. the 12 month period ending April 2017) and $44 million for fiscal year 2017–18. That would allow Guardian U.S. to finally break even by April 2018.

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
https://www.editorandpublisher.com/news/guardian-u-s-lost-15-85-million-on-revenue-of-15-5-million-last-year/
LinkedIn
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *