Reach forecasts profit boost for 2021 as digital revenues rise
Daily Mirror owner Reach has confirmed its annual operating profit is on track to exceed market expectations after recording strong digital revenue growth in the first four months of the year.While digital income is headed in the right direction, print revenues continue to atrophy amid a slump in physical newspaper sales.
Reach’s outlook
The Daily Express owner recorded a 35% rise in revenues for its digital business across the four months to April 25 on the back of a jump in registered users to 6.2 million.
A digital surge positions Reach with a favorable springboard to achieve its stated goal of accumulating 10 million registered customers by 2022.