The Atheltic lost nearly $100MM the last two years

[Paul-Allen]

The Athletic Burned Through $95 Million Between 2019 and 2020

Digital sports news firm The Athletic hemorrhaged nearly $100 million cash between 2019 and 2020, according to a presentation prepared for investors, exceeding the $73 million in revenue the company brought in over that same period. The heavy losses reflect primarily the cost of building up a ...

www.theinformation.com

Net cash after operations of -$95mm in 2019 and 2020

 

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