The Financial Times reported an 8 percent increase in subscriptions during 2017 and now has more than 910,000 paid-for readers.
The FT is now a majority digital content business, with digital subscriptions up 10 percent to 714,000, representing more than three-quarters of the total paying audience.
“Despite the constant disruption in the media ecosystem, the Financial Times has had another strong year,” said chief executive officer John Ridding. “The demand for our quality, independent journalism has never been greater and this business performance underlines the dynamism of our global business and brand.”
The FT, which is owned by Nikkei, also reported that content revenues are almost two-thirds of total revenues, double the share of five years ago. Advertising remained “resilient,” with market share gains in most countries and most sectors.
Other developments in 2017 included double-digit growth in reader engagement with more personalized experiences via myFT and improved tools for journalists to tell stories.
