Reach Digital Revenues Up By More Than A Third

Reach’s digital revenues have grown by 35 per cent in the first four months of the year, according to trading update released ahead of the publisher’s annual general meeting today.

The publisher announced a continued growth in registrations; now at 6.2 million, versus 5.8 million reported at the beginning of March, with the publisher “well on track” to reach 10 million by the end of 2022.

Total print revenue down 10.4 per cent and circulation down by 7.9 per cent, with group revenue for the period down 3.1 per cent, in a trading update for the four month period from 28 December 2020 to 25 April 2021.

Jim Mullen, Reach plc chief executive, said:”We have had a positive start to the year and are seeing the benefits of last year’s transformation programme.

“With digital now accounting for more of our advertising revenues than print and growing strongly, we are well placed to make further progress during 2021.

“We have a strong balance sheet and are now increasing investment to accelerate delivery of the customer value strategy, focusing on the use of enhanced customer insight to drive engagement and support our medium-term objective of doubling digital revenues.”