For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251014:nRSN1872Da&default-theme=true
RNS Number : 1872D Reach PLC 14 October 2025
14 October 2025
Reach plc ("The Company") Q3 Trading update for the 3-month period to 30
September 2025
Confident in delivering expectations for the full year
Q3 YOY % 9 Months YOY %
Digital revenue 2.1 1.9
- Direct revenue (0.8) (5.5)
- Indirect revenue 4.0 7.3
Print revenue (3.9) (4.5)
- Circulation revenue (2.7) (3.4)
- Advertising revenue (13.3) (14.7)
Group revenue (2.5) (3.1)
Digital revenue grew 2.1% in the third quarter. Within this, direct
revenues(1) decreased 0.8% year-on-year, with growth in diversified revenues
offset by the weaker environment continuing across our local markets. Indirect
revenues(1) increased 4.0%, due to strong growth in off-platform revenues,
which more than offset the softer performance of our volume-sensitive
on-platform programmatic advertising. Throughout the quarter we saw lower
digital referral volumes, particularly from Google. As a result, page views, a
measure of on-platform audience volumes, fell 1% over the nine-month period.
In Print, circulation revenues remain a reliable and predictable revenue
stream, with our publications offering stand-out market deals to our readers.
Print advertising revenue continues to perform above circulation volume
declines.
Restructure to deliver our priorities for growth
We have restructured the Group to align with our three key priorities to
accelerate growth. As part of this we have created new roles and teams which
will focus on increasing our video production, developing new commercial
propositions, and driving growth in off-platform audiences. We will also see
some people leaving the business. The full year restructuring cost is
estimated to be c.£20m.
Outlook
We remain confident about our future, with three clear priorities and are
encouraged by our progress against these. Profit expectations are well
underpinned by the resilient print performance and disciplined cost
management, and we are on track to deliver our 4-5% cost saving target. We
anticipate full year digital revenues to be broadly flat on the prior year,
reflecting the ongoing volatility in referral volumes and weak macroeconomic
backdrop. We remain confident in delivering market expectations for the
year.(2)
Piers North, Chief Executive:
"We delivered a good financial performance despite continued volatility in
referral volume and we made strong progress across our strategic priorities;
including the creation of new video teams in the newsrooms, new video launches
such as the Daily Expresso and All Out Football, and an increase in branded
video revenue.
"We also delivered continued success in our diversified revenues including the
OK! Beauty Box and are now working at pace on further initiatives, launching
our digital subscriptions pilot in the coming weeks."
Notes:
(1) Direct revenues: Advertising or commercial revenues that are generated from
direct engagement with the advertiser, agency or consumer. The material areas
include direct advertising, agency and our B2B offering Mantis. A subset of
direct is diversified revenues which includes subscriptions, affiliates,
ecommerce and partnerships.
Indirect revenues: Advertising or commercial revenues that are generated
indirectly such as revenue on social platforms (off-platform) or
programmatically on owned and operated websites (on-platform).
(2) Market expectations compiled by the Company are an average of analyst
published forecasts - consensus adjusted operating profit for FY25 £99.1m.
(3) Reach plc full year results will be reported Tuesday 3 March 2026.
( )
( )
Enquiries communications@reachplc.com
Reach
Piers North, Chief Executive Officer
Lija Kresowaty, External Communications
Jo Britten, Investor Relations +44 (0)7557 557447
Teneo reachplc@teneo.com
Giles Kernick +44 (0)207 353 4200
About Reach
We're Reach plc, the UK and Ireland's largest commercial news publisher. We
connect with people on and offline, sharing our trusted content through 120+
brands, from household names like the Mirror, Express, Daily Record and Daily
Star, to local titles like MyLondon, BelfastLive and the Manchester Evening
News, plus our growing US brands like the Irish Star. Every month we reach 70%
of the UK online population, 10% of the US population, and over 100m social
followers around the world.
LEI: 213800GNI5XF3XOATR61
Classification: 3.1 Additional regulated information required to be disclosed
under the laws of the United
Kingdom
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END TSTFFFFADEISESS
Copyright 2019 Regulatory News Service, all rights reserved