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Reach PLC on Tuesday said it is confident in delivering full-year profit ahead of market expectations despite ongoing digital sales weakness.
The London-based publisher of Daily Mirror and Express newspapers pointed to the resilient performance of its print business and continued cost control, alongside strategic progress.
As a result, Reach said it expects to deliver adjusted operating profit for 2025 ahead of current market expectations of £99.1 million. This would still be down from £102.3 million reported in 2024.
Digital revenue is expected to be 1% lower than the prior year’s £130.0 million, reflecting a ‘material reduction’ in Google referral volumes, alongside continued macroeconomic weakness.
Shares in Reach rose 5.9% to 57.40 pence each in London on Tuesday.
Results for the financial year ended December will be announced on March 3.
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