Media firm Bustle Digital Group—dwelling to a portfolio of life-style publishers together with Nylon, Bustle and Fatherly—is on tempo to generate between $136 million and $144 million in income this yr, in accordance with three folks aware of its business well being.
The income vary represents a ten% to fifteen% decline from 2022, when BDG generated $160 million in income, in accordance with three sources. A consultant for BDG confirmed the information.
The loss would be the first time in a decade that BDG has dropped in income yr over yr, chief income officer and president Jason Wagenheim mentioned on a September episode of The Rebooting podcast.
“This isn’t an ideal yr,” Wagenheim mentioned on the podcast.
