The Financial Times made more than half a billion pounds in revenue for the first time in its history in 2023, reports Charlotte Tobitt of Press Gazette.
Tobitt reports, “The FT Group globally brought in revenue of £510m amid growth in all its major revenue lines, according to consolidated and unaudited figures shared internally and seen by Press Gazette.
“The FT is wholly owned by private Japanese firm Nikkei, which does not publish any global FT financial figures. This report is therefore the best indicator of the 136-year-old newsbrand’s financial health.
“The internal performance report also shows operating profit of £30m, which chief executive John Ridding described as ‘healthy’ and ‘keeping us on track for our medium-term targets and a sustainable operating margin.’ Operating profit was £28.7m in 2022, meaning 5% annual growth.”
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