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Enterprise

News giant Reach hails digital success as revenues rise and key customer registration target hit

Owner of brands from the Mirror to the Manchester Evening News warns of print cost inflation

Reach is based in One Canada Square, London, and owns news brands across the º£½ÇÊÓÆµ and Ireland(Image: PA)

Media giant Reach has hailed the success of its online strategy and vowed to continue investing in growth as its digital growth more than offset print decline.

Reach, whose brands range from the and the to and the , reported its full year results for 2021 today.

Revenue for the year was £615.8m - up 2.6% on 2021. Adjusted operating profits rose 9.2% to £146.1m. The adjusted pre-tax profit was £143.5m, up from £131.3m in 2020.

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Group like-for-like revenue was up 1.3% - the first organic growth for some 15 years.

Group chief executive Jim Mullen said the group’s focus on customer engagement was seeing strong results, with audience, page views per visitor and loyalty all strongly ahead versus 2019.

Reach - BusinessLive's parent company - has the biggest monthly audience of any commercial publisher, with just under 42m people visiting its sites every month. Other Reach brands include the and the .

The group said it was on track to double digital revenue by the end of 2024.