GMG Reports 20 Per Cent Uplift in Digital Revenues
Guardian Media Group has announced a year-on-year rise in digital revenues of 20 per cent.
Announcing its results for the financial year ending 29 March, the publisher said that digital revenues had grown to £82.1 million
The Guardian’s year-end online audience reached 127 million monthly unique browsers, up from 102.3 million in March 2014.
Group revenues also rose three per cent to £214.6m – the third consecutive year of growth.
Neil Berkett, GMG chair, said: “These full-year financial results show that the Group is on the right track by increasing revenues and narrowing our underlying operating loss. This is a very creditable performance following the transformation of our balance sheet, which was strengthened significantly by the disposal in 2014 of our stake in Trader Media Group.”
GMG chief executive David Pemsel added: “These results give us the confidence to invest further in the world-class journalism, digital innovation and growing international readership which has made the Guardian such a powerful global brand. That, in turn, will help deliver long-term financial and editorial sustainability.”