Financial Times reports profit growth from digital revenues

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  1. September 4, 2019

    […] Pre-tax earnings on the Monetary Occasions grew by three-quarters in 2018 as digital subscription revenues continued to rise, stories the PressGazette. The corporate made $9.9 million (£8.15m) in revenue earlier than tax final 12 months, up from $5.67 million (£4.65m) in 2017, in accordance with full-year accounts filed with Firms Home within the UK.Revenues elevated by greater than $2.Four million (£2m) to $395 million (£323.6m) whereas working earnings grew from $4.9 million (£4m) to $8.9 million (£7.3m).The accounts filed within the UK don’t present consolidated earnings for the FT’s international enterprise, nonetheless.Within the 2018 FT Ltd accounts, the corporate stated its complete circulation throughout print and on-line had grown eight per cent year-on-year from 910,000 in 2017 to 985,000 in 2018. It has since reached 1m paying readers.The corporate additionally claimed reader engagement, a metric together with frequency and size of visits to the FT web site, had climbed by 15 per cent.Digital subscriptions grew by 11 per cent to 796,000 and digital paid readership now represents greater than three-quarters of the FT’s complete circulation, the FT Ltd accounts stated.Complete digital content material revenues have been up 11 per cent year-on-year. Revenues from subscription and newsstand gross sales make up 55 per cent of complete FT Ltd revenues. Supply hyperlink […]

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