IN BRIEF: Reach to meet 2025 view as cost cuts outpace revenue decline
Reach PLC - London-based publisher of Daily Mirror and Express newspapers - Revenue declines 2.5% on-year in the third quarter of 2025. Print revenue alone falls 3.9%, including a 13% fall in advertising revenue. More positively, digital revenue rises 2.1% in the quarter. For the nine months to September 30, group revenue is down 3.1%, composed of a 4.5% fall in print revenue and a 1.9% rise in digital. Within print, advertising revenue is down 15% so far this year, but circulation revenue down just 3.4%. There is a similar divide in digital revenue, with direct revenue down 5.5% but indirect revenue up 7.3%. Indirect revenue includes money made off-platform on social media. Reach says it expects digital revenue to be broadly flat for all of 2025, and it expects to deliver on its 4% to 5% cost savings target. As a result, Reach says it is confident in meeting 2025 market consensus of adjusted operating profit of GBP99.1 million. This would be down slightly from GBP102.3 million in 2024. Reach will release its 2025 results on March 3. Read More