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, US
Websitemeredith.com
Employee Ratings3.1
Overall CultureC

Latest Updates

Employees (est.) (Jun 2019)5,560(-25%)
Job Openings274
Revenue (FY, 2020)$2.8 B(-10%)
Share Price (Nov 2020)$16.6 (+9%)
Cybersecurity ratingCMore

Key People/Management at Meredith

Thomas H. Harty

Thomas H. Harty

President, Chief Executive Officer & Board Member
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
Dina Nathanson

Dina Nathanson

Senior Vice President, Human Resources
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Meredith Office Locations

Meredith has offices in Des Moines, Atlanta, Beaverton, Bloomfield Hills and in 23 other locations
Des Moines, US (HQ)
1716 Locust St
Atlanta, US
3399 Peachtree Rd NE
Atlanta, US
425 14th St NW
Beaverton, US
14975 NW Greenbrier Pkwy
Bloomfield Hills, US
39577 Woodward Ave
Chicago, 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 (Q1, 2021)

693.5m

Net income (Q1, 2021)

42.3m

EBIT (Q1, 2021)

78.1m

Market capitalization (13-Nov-2020)

757.8m

Closing stock price (13-Nov-2020)

16.6
Meredith's current market capitalization is $757.8 m.
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, 2021

Revenue

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

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
Quarterly
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, 2021

Net Income

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

Depreciation and Amortization

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

Cash From Operating Activities

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

Purchases of PP&E

(20.6m)(28.8m)(41.5m)(7.5m)(17.0m)(28.6m)(15.9m)(34.5m)(45.6m)(9.3m)
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

70 100 80 80 80 80

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$2.80 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$53.80 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

78/100

SecurityScorecard logo

Meredith Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

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

    64/100

Learn more on Comparably

Meredith Blogs

Meredith Corporation Launches Mi Afirmación del Día, Its First Spanish-Language Alexa Skill In Partnership With People en Español and Health

Meredith Corporation (NYSE: MDP), the leading multi-platform media company reaching nearly 95 percent of all women in the U.S., announced the launch today of its first Spanish-language Alexa...

FOOD & WINE Classic At Home: Holiday Edition Virtual Event To Take Place December 5

Meredith Corporation's FOOD & WINE will host its second virtual FOOD & WINE Classic at Home event, offering a special culinary experience to celebrate the holiday season on December 5 at 5 pm ET,...

Martha Stewart Living Celebrates 30 Years

Meredith Corporation's (NYSE: MDP) Martha Stewart Living marks the 30th anniversary of the legendary brand's magazine with its December issue featuring fresh new ideas to get into the holiday...

Meredith Corporation Board Of Directors Elects Thomas Harty Chairman and Elizabeth Tallett Lead Independent Director

The Meredith Corporation (NYSE:MDP) Board of Directors announced several actions following its Annual Shareholders Meeting today: Thomas H. Harty Elected Chairman and Elizabeth E. Tallett Elected...

Meredith Data Studio And The Harris Poll Announce Study Of Gen Z Women, Revealing Their Unique Perspectives On Life, Career, Relationships, Racial Injustice, Social Media And More

Meredith Corporation's (NYSE: MDP) Data Studio and The Harris Poll today announced the results of an in-depth survey about Generation Z women, revealing the profound impact that COVID-19 has had...

Meredith Corporation Brands PEOPLE, Allrecipes And Better Homes & Gardens Rank No. 1, No. 2 And No. 7 Of Top 10 Largest Brand Audiences Across Platforms

Meredith Corporation's (NYSE: MDP) category-leading brands—PEOPLE, Allrecipes, Better Homes & Gardens, Southern Living, Entertainment Weekly, Travel + Leisure, DEPARTURES, PARENTS and...
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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, Patrick McCreery and John Zieser.

  • 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.