FT revenue up 12 percent in 2010

The FT Group, the parent of the Financial Times, reported a 12 percent increase in revenue in 2010, according to financial results released Monday.

Oliver Luft of the Press Gazette in London writes, “The company said that digital paid circulation of the FT was up over 50 per cent year on year to 207,000 last year and now accounted for approximately a third of total global paid circulation of the FT.

“In 2010, digital and services accounted for 40 per cent of FT Group revenues, Pearson said today as it published preliminary results for the year. This was up from 14 per cent in 2006.

“The number of registered users of FT.com rose 79 per cent to more than 3 million in the period, Pearson said, with the site benefiting from more than 900,000 downloads of apps on mobile phones and tablet devices.

“The FT‘s combined paid print and digital circulation reached 597,000 in the fourth quarter of 2010, Pearson said.”

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