Overall revenues jumped $10 million to $690 million in the first quarter of 2016, a 1.5 percent increase over the same period last year—the publisher’s best quarterly performance since being spun off from Time Warner in 2014.
The gains were driven primarily by growth in digital advertising, from which revenues jumped 23 percent in the first quarter to $90 million. Time Inc. spent much of the last year actively pursing new acquisitions and partnerships in digital media, including its February purchase of Myspace owner Viant, whose first party data the company expects will drive over $100 million in revenue this year.
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