OverviewSuggest Edit

Meredith is a media and marketing services company. It operates two business segments: national media and local media. The national media segment provides brands delivered via media platforms including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. The company is focused on the entertainment, food, lifestyle, parenting, and home categories, which include titles such as People, Better Homes & Gardens, InStyle, Allrecipes, Real Simple, Southern Living, and Martha Stewart Living. The local media segment consists of television stations as well as related digital and mobile media assets.

TypePublic
Founded1902
HQDes Moines, IA, US
Websitemeredith.com
Employee Ratings3.1
Overall CultureC

Latest Updates

Employees (est.) (Jun 2019)5,560(-25%)
Job Openings355
Revenue (FY, 2020)$2.8 B(-10%)
Share Price (Apr 2021)$31.4
Cybersecurity ratingCMore

Key People/Management at Meredith

Thomas H. Harty

Thomas H. Harty

Chairman, Chief Executive Officer and President
Tom Harty

Tom Harty

Chairman and CEO
Patrick McCreery

Patrick McCreery

President, Meredith Local Media Group
John Zieser

John Zieser

Chief Development Officer, General Counsel
Daphne Kwon

Daphne Kwon

Chief Strategy Officer
Jason Frierott

Jason Frierott

Chief Financial Officer
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Meredith Office Locations

Meredith has offices in Des Moines, Atlanta, Beaverton, Bloomfield Hills and in 23 other locations
Des Moines, IA, US (HQ)
1716 Locust St
Atlanta, GA, US
3399 Peachtree Rd NE
Atlanta, GA, US
425 14th St NW
Beaverton, OR, US
14975 NW Greenbrier Pkwy
Bloomfield Hills, MI, US
39577 Woodward Ave
Chicago, IL, US
130 E Randolph St
Show all (29)

Meredith Financials and Metrics

Meredith Revenue

Meredith's revenue was reported to be $2.85 b in FY, 2020
USD

Revenue (Q2, 2021)

525.1m

Market capitalization (26-Apr-2021)

1.4b

Closing stock price (26-Apr-2021)

31.4

Cash (31-Dec-2020)

379.1m

EV

4.5b
Meredith's current market capitalization is $1.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.7b2.2b3.2b2.8b

Revenue growth, %

4%31%42%

Cost of goods sold

603.0m860.6m1.2b

Gross profit

1.1b1.4b2.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

392.8m417.7m648.8m756.7m853.5m743.4m725.2m810.5m701.7m693.5m525.1m

Cost of goods sold

155.8m158.7m249.5m286.1m302.9m284.4m273.7m280.1m257.4m

Gross profit

237.0m259.0m399.3m470.6m550.6m459.0m451.5m530.4m444.3m

Gross profit Margin, %

60%62%62%62%65%62%62%65%63%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

22.3m437.6m45.0m132.4m

Accounts Receivable

289.1m542.0m609.1m461.9m

Prepaid Expenses

19.3m

Inventories

21.9m44.2m62.7m34.2m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

188.9m99.4m46.3m(234.3m)

Depreciation and Amortization

53.9m129.0m247.6m142.9m

Inventories

(1.2m)(300.0k)(18.4m)28.5m

Accounts Payable

(15.5m)(13.0m)36.2m(118.8m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

33.4m192.7m82.6m17.0m35.6m59.3m6.1m43.9m(240.5m)42.3m190.8m

Depreciation and Amortization

12.6m25.0m65.0m63.7m128.8m190.3m58.5m117.1m170.6m49.0m98.8m

Cash From Operating Activities

51.4m101.6m96.6m(36.0m)59.4m152.5m(13.5m)72.1m183.0m78.9m261.8m

Purchases of PP&E

(20.6m)(28.8m)(41.5m)(7.5m)(17.0m)(28.6m)(15.9m)(34.5m)(45.6m)(9.3m)(17.9m)
USDFY, 2017

Revenue/Employee

489.5k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.7 x
Show all financial metrics

Meredith Operating Metrics

Meredith's Monthly Unique Visitors was reported to be 150 m in FY, 2019. Meredith's Users was reported to be 180 m in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Countries

7010080808080

Monthly Unique Visitors

51 m70 m71 m135 m150 m

Paying Users

40 m40 m

Users

175 m180 m
Show all operating metrics

Meredith Acquisitions / Subsidiaries

Company NameDateDeal Size
SwearByJanuary 09, 2020
Stop, Breathe & Think, PBCOctober 29, 2019
TimeNovember 26, 2017$2.8 b
Time Inc.November 26, 2017
QponixJune 19, 2015
Weider Publications - Shape, Fit Pregnancy and Natural Health Brands and MagazinesJanuary 28, 2015
Selectable MediaDecember 31, 2014
WALA-TV Fox 10December 19, 2014$86 m
MyWeddingNovember 13, 2014
WGGB/WSHMJune 19, 2014$53.8 m
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Meredith Revenue Breakdown

Embed Graph

Meredith revenue breakdown by business segment: 27.1% from Local media and 72.9% from National media

Meredith Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Meredith Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Meredith Online and Social Media Presence

Embed Graph

Meredith Company Culture

  • Overall Culture

    C

    66/100

  • CEO Rating

    C

    67/100

  • Compensation

    C+

    66/100

Learn more on Comparably

Meredith News and Updates

MetaBoost Connection Meredith Shirk Fitness Sculpting System (Updates)

MetaBoost Connection by Meredith Shirk is a complete female sculpting system that is catered to women looking to improve their fitness and overall healthy lifestyle through the use of MetaInfluencers (supreme super foods) and the MetaLifestyle program, but does Metaboosting actually work or is it ju…

One and Done Workout Reviews 2021 - Does Meredith Shirk's Workout Manual Really Work? Report by FitLivings

One and Done Workout Meredith Shirk reviews. Important information on One and Done Workout program PDF, benefits, pricing and much more. One and Done Workout Meredith Shirk reviews. Important information on One and Done Workout program PDF, benefits, pricing and much more.

Meredith Grey’s COVID-19 Diagnosis And The Fate Of ‘Grey’s Anatomy’

The show’s namesake might not survive another near-death experience, but what happens then?

Meredith Graham Joins the Crestcom Network

Crestcom International LLC adds Meredith Graham as one of its latest franchisees

Meredith Corporation's PEOPLE, Allrecipes And InStyle Named Winners Of Adweek's 2020 Hot List

NEW YORK, Oct. 26, 2020 /PRNewswire/ -- Meredith Corporation (MDP: NYSE), the nation's largest brand-powered food, lifestyle and entertainment media company, engaging more than 190 million American consumers every month and nearly 95% of all U.S. women, is thrilled to announce today that...

MetaBoost Connection: Meredith Shirk Female Sculpting System

Miami, FL, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Meredith Shirk is one of the most followed leading health and fitness and her new female sculpting system, Metaboost Connection, has created a lot of momentum in the women's wellness community.
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Meredith Blogs

Meredith Corporation Reveals New Programming Slate of Premium Content, Driven By Real-Time Insights & Imagination

Today at the IAB NewFronts, Meredith Corporation (NYSE: MDP), the nation's leading food, lifestyle and entertainment media company, reaching nearly 95% of American women, unveils its new slate of...

PARENTS Reveals the 20 Best Family Destinations Across the U.S.

Meredith Corporation's (NYSE: MDP) PARENTS announces the top 20 U.S. getaways for families in this year's Family Travel Awards. Selected by a panel of judges including editors and experts in the...

PEOPLE And Coty Partner For Live Beauty Event On May 19 Featuring Actress Lili Reinhart To Kick Off PEOPLE's Three-Day Digital Social Shopping Experience With Beauty, Fashion, And Lifestyle Brands

Meredith Corporation's PEOPLE, the No. 1 multiplatform magazine brand in the United States and Coty Inc., one of the world's largest beauty companies with an iconic portfolio of brands across...

Meredith Corporation To Sell Local Media Group For $2.7 Billion, Focus Exclusively On Leading Portfolio Of National Brands

Meredith Corporation (NYSE: MDP) today announced that it has agreed to sell its Local Media Group ("LMG") to Gray Television, Inc. (NYSE: GTN) for $2.7 billion in cash and will focus exclusively...

Meredith Reports Fiscal 2021 Third Quarter And Nine Month Results

Meredith Corporation (NYSE: MDP; Meredith.com) today reported fiscal 2021 third quarter and first nine month results as summarized below. All financial results refer to fiscal 2021 third quarter...

REAL SIMPLE To Host Fourth Annual REAL SIMPLE Home In Westfield, New Jersey

Meredith Corporation's (NYSE: MDP) REAL SIMPLE today announced it will be presenting the fourth annual REAL SIMPLE Home in a northern New Jersey suburb this fall. For the first time ever, the home...
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Meredith Frequently Asked Questions

  • When was Meredith founded?

    Meredith was founded in 1902.

  • Who are Meredith key executives?

    Meredith's key executives are Thomas H. Harty, Tom Harty and Patrick McCreery.

  • How many employees does Meredith have?

    Meredith has 5,560 employees.

  • What is Meredith revenue?

    Latest Meredith annual revenue is $2.8 b.

  • What is Meredith revenue per employee?

    Latest Meredith revenue per employee is $512.3 k.

  • Who are Meredith competitors?

    Competitors of Meredith include News Corp, Hearst and Conde Nast.

  • Where is Meredith headquarters?

    Meredith headquarters is located at 1716 Locust St, Des Moines.

  • Where are Meredith offices?

    Meredith has offices in Des Moines, Atlanta, Beaverton, Bloomfield Hills and in 23 other locations.

  • How many offices does Meredith have?

    Meredith has 29 offices.