View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. News
January 25, 2019updated 30 Sep 2022 7:25am

Mail Online reports double-digit revenue growth over first quarter 2019

By Freddy Mayhew

Mail titles owner, the Daily Mail and General Trust, has reported revenue growth of 2 per cent year-on-year for the first quarter of 2019.

The group said Mail Online’s total revenues were up by an underlying 14 per cent year-on-year for the three months to the end of December 2018, with figures for the US-focused Daily Mail TV included.

The UK’s most-read news website also saw advertising revenues climb by an underlying 11 per cent on the same period last year.

In a trading update, DMGT said it retains a “very strong financial position” with £203m in net cash.

Across the Mail newspaper titles – the Daily Mail, Mail on Sunday and Metro – total ad revenues were up by 4 per cent year-on-year, with digital ad growth of 10 per cent offsetting a 1 per cent print decline.

Its B2B businesses saw revenues climb by 17 per cent, with an “especially strong performance from Ed Tech”, DMGT said.

Paul Zwillenberg, chief executive of DMGT, said: “Our strategy is gaining traction and we delivered a robust performance across our more focused portfolio in the first quarter with underlying revenue growth across the breadth of our B2B and consumer media businesses.

Content from our partners
Publishing on the open web is broken, how generative AI could help fix it
Impress: Regulation, arbitration and complaints resolution
Papermule: Workflow automation for publishers

“Within consumer media, Mail Online returned to double-digit growth and increased total underlying revenues by 14 per cent, benefiting from the inclusion of Daily Mail TV which continues to resonate well with its US audience.

“Our B2B companies all delivered underlying revenue growth with Ed Tech notable for a 17 per cent increase, driven by continued strength in subscription revenues across its product set.

“DMGT remains in a net cash position which provides us with significant financial flexibility as we continue to execute against our strategy.”

Topics in this article : ,

Email to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network