Reach PLC Reports 2024 Profit Growth Despite Revenue Decline

Cost reductions and digital revenue growth offset print revenue losses for the UK’s largest news publisher.

Reach PLC's 2024 operating profit rose by 6% to £102.3 million, despite a 5.3% drop in total revenue to £538.6 million.
Digital revenue increased by 2.3%, driven by e-commerce, affiliate sales, and data-driven advertising, while print revenue fell by 7.3%.
Cost-cutting measures exceeded expectations, reducing operating costs by 7.6%, with plans for an additional 4-5% reduction in 2025.
AI tools and a centralized content hub boosted digital engagement, contributing to nearly two billion page views in 2024.
Reach expanded its U.S. audience by 9% and introduced new website platforms to improve user experience and loading speeds.