Ahead Of Time Inc. Q4 Results

(RTTNews) - Media company Time Inc. (TIME) remains focused on optimizing advertising revenues to enhance its core business. The company's digital advertising revenues are growing strongly, reflecting its investments in video, programmatic, mobile and new content verticals.

The company sees opportunity for its data initiative to improve subscriber acquisition and targeting and more effectively market its expanding set of products and services. Also, the company is in the process of migrating to a state-of-the-art CRM platform to more effectively leverage its data for targeting and increase its ability to cross-promote across its brand portfolio and subscriber base.

Time Inc. continues to see possibility to reposition it for growth while protecting its cash flows, including re-engineering and optimizing its advertising sales process, moving it towards being a more data-centric organization, building branded content and native advertising capabilities, expanding adjacencies including video, live events, products and services and investing to extend content, brands and audiences.

For fiscal 2015, the company now expects reported revenue decline of 5% - 6% compared to the prior estimation of 3% - 6% decline.

For the fourth quarter, total reported advertising revenues are expected to be roughly flat to down in the low-single digits year-over-year, reported subscription revenues are expected to be down in the mid-single digits year-over-year, and reported newsstand revenues are estimated to be down by a high-single-digit amount year-over-year.

The company is due to release its fourth-quarter results before the bell on Thursday, February 11, with analysts polled by Thomson Reuters estimating earnings of $0.66 per share on revenue of $872.09 million. Analysts' estimate typically exclude certain special items.

In the previous quarter, the company reported net loss of $913 million or $8.30 per share compared to a profit of $48 million or $0.44 per share in the prior year period.

Adjusted net income was $40 million or $0.32 per share compared to $45 million or $0.41 per share reported last year.

Revenues totaled $773 million, 6% lower than the previous year's revenue of $821 million. The stronger U.S. dollar relative to the British pound had an $8 million adverse impact on Revenues for the quarter ended September 30, 2015.

Excluding the impacts of U.S. dollar/British pound exchange rate changes, the GEX disposition and the wholesaler transition, revenues would have decreased 5%.