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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Reach
Reach (RCH) investor relations material
Reach Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary13 Oct, 2026
Executive summary
On track to deliver in line with market expectations for FY26, while maintaining a cautious outlook for digital revenue.
Strategic priorities focus on trusted brands, monetising video content and diversifying revenue away from traditional on-platform advertising.
Financial highlights
Group revenue declined 14.1% YoY in Q3 and 10.8% YoY over 9M.
Digital revenue fell 20.3% YoY in Q3 and 14.5% over 9M; print revenue declined 12.0% and 9.5%, respectively.
Circulation revenue fell 10.9% YoY in Q3 and 8.1% over 9M; advertising revenue declined 7.8% and 10.0%, respectively.
Outlook and guidance
FY26 outlook remains cautious for digital revenue, with full-year performance expected in line with market expectations.
Market consensus for FY26 adjusted operating profit is £95.1m, based on the average of analyst-published forecasts.
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Latest events from Reach
- Revenue down 9%, margin up to 18.5% as cost actions and digital growth offset headwinds.RCH
H1 2026 - Profitability held despite digital headwinds; digital growth and cost control remain top priorities.RCHAGM 2026
- Q1 2026 revenue fell 6.9% year-over-year amid digital challenges, but guidance is maintained.RCHQ1 2026 TU
- Profit and margin growth achieved as digital and print resilience offset revenue decline.RCHH2 2025
- FY25 profit set to exceed expectations despite a 1% drop in digital revenue.RCHH2 2025 TU
- Digital growth and cost discipline drove margin improvement despite print decline.RCHH1 2025
- Adjusted operating profit up 23% as digital and print outperformed amid strong cost control.RCHH1 2024
- Board changes, digital growth, and key risks discussed; new CEO elected by shareholder vote.RCHAGM 2025
- Digital and e-commerce growth, margin gains, and strong cash flow drive robust 2024 results.RCHH2 2024
Next Reach earnings date
H2 20262 Mar, 2027
Reach
Next Reach earnings date
H2 20262 Mar, 2027
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@theshortbearx.com
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