News & Opinion

Guardian increases digital revenue by almost 30%

The latest financial report for Guardian News & Media (GNM) has revealed that, for the year to the end of March 2013, digital revenue rose from £43.4 million to £55.9 million – a rise of 28.9%.

The publisher, responsible for the Guardian, Observer and guardian.co.uk, reported an increase in total annual revenue to £196.3 million.

This led to a fall of over 30% in annual losses for GNM, with the reported figure of £30.4 million representing the publisher’s best year since 2008.

GNM’s parent company, Guardian Media Group (GMG), reported pre-tax profits of £22.7 million.

Speaking about the results, Andrew Miller, chief executive of GMG, said: "A sharp increase in the contribution of our digital operations to revenue was a striking feature... Having committed to digital earlier than out peers, we are now reaping the benefits."

More information can be found on the Guardian website.

16/07/13

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