The latest announcement is out from Reach plc ( (GB:RCH) ).
Reach plc reported a strong financial performance for the year ending December 31, 2024, with digital revenue returning to growth, driven by their Customer Value Strategy and diversification into affiliates and ecommerce. The company saw a 6.0% increase in adjusted operating profit, surpassing market expectations, and maintained a strong cash flow. Despite a 5.3% decline in overall revenue, the digital segment grew by 2.1%, and the company effectively managed operating costs with a 6.5% reduction. Reach plc’s strategic focus on digital engagement and cost management has positioned it well for future growth, despite challenges in the print segment.
More about Reach plc
Reach plc is the UK’s and Ireland’s largest commercial news publisher, housing over 120 trusted brands including national titles like the Mirror, Express, Daily Record, and Daily Star, as well as local brands such as MyLondon, BelfastLive, and the Manchester Evening News. The company also has a presence in the US, reaching 44 million people monthly through print and online platforms, offering news, entertainment, and sport.
YTD Price Performance: 2.04%
Average Trading Volume: 480,386
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £267.6M
For detailed information about RCH stock, go to TipRanks’ Stock Analysis page.