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RNS Number : 9227G  Reach PLC  01 May 2025

 
1 May 2025

Reach plc ("The Company") Q1 Trading update for the 3-month period to 31 March
2025

 

On track to deliver full year expectations

Growing digital audience with print remaining resilient

 

                                  Q1 YOY %
 Digital revenue                  1.6
 Print revenue                    (5.1)
 -      Circulation revenue       (4.0)
 -      Advertising revenue       (12.5)
 Group revenue                    (3.7)

 

Digital revenue grew 1.6% over the quarter, supported by growing audience
numbers and increased trading activity. Year-on-year page views grew 9% and
this supported the strong performance across our programmatic advertising.
Data-driven revenue has had a softer start to the year to make up 43% of
digital revenues. This is attributable to the strong prior year performance
and a weaker local advertising market.

 

In Print, circulation revenues remain a predictable and reliable revenue
stream with the expected volume decline mitigated by actions on cover prices,
one-off specials and promotional activity. Print advertising performed ahead
of the decline in circulation volumes.

 

We remain confident in delivering the reduction in operating costs of 4-5%, in
line with previous guidance.

 

Outlook

We have started 2025 in line with our expectations. Whilst there are no
immediate direct impacts from the recent tariff announcements we recognise the
heightened levels of macroeconomic uncertainty. We remain on track to deliver
in line with market expectations for the full year.(1)

 

Piers North, Chief Executive

 

"While I've been with Reach for over a decade, I've enjoyed spending much of
the past month speaking with more people across the company and gaining a
deeper understanding of our opportunities.

We remain focused on delivering our plans, supported by impactful journalism
that continues to attract a growing audience - a trend that gained momentum at
the end of 2024.

While we can't ignore the current market uncertainty, we're pleased with the
progress we're making and believe there's significant opportunity ahead. By
building on our strategy, leveraging our strong products, and reaching
audiences worldwide, we're well-positioned for the future."

 

 

 

Notes

 

 1  Market expectations compiled by the Company are an average of analyst
    published forecasts - consensus adjusted operating profit for FY25 £99.0m.

 

 

Enquiries

 

 Reach                                               communications@reachplc.com
 Piers North, Chief Executive Officer
 Lija Kresowaty, Head of External Communications
 Jo Britten, Investor Relations Director             jo.britten@reachplc.com

                                                     +44 (0)7557 557447

 Teneo                                               reachplc@teneo.com
 Giles Kernick                                       +44 (0)207 353 4200

 

About Reach

We're Reach plc, the UK's and Ireland's largest commercial news publisher.
We're home to more than 120 trusted brands, from national titles like the
Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon,
BelfastLive and the Manchester Evening News, to our recently launched U.S.
titles. Every month, 47 million people come to us, via print and online, for
trusted news, entertainment and sport.

 

LEI: 213800GNI5XF3XOATR61

Classification: 3.1 Additional regulated information required to be disclosed
under the laws of the United

Kingdom

 

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